Short Interest in Severn Trent PLC (OTCMKTS:STRNY) Decreases By 35.1%

Severn Trent PLC (OTCMKTS:STRNY) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 27,601 shares, a decrease of 35.1% from the November 30th total of 42,512 shares. Based on an average trading volume of 33,300 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 33,300 shares, the days-to-cover ratio is currently 0.8 days.

Severn Trent Stock Performance

Shares of STRNY stock opened at $37.42 on Friday. The firm has a fifty day simple moving average of $37.42 and a two-hundred day simple moving average of $36.52. Severn Trent has a 12 month low of $28.78 and a 12 month high of $39.02.

Severn Trent Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, January 22nd. Investors of record on Tuesday, December 2nd will be given a dividend of $0.6091 per share. This represents a yield of 409.0%. The ex-dividend date is Monday, December 1st. Severn Trent’s dividend payout ratio (DPR) is presently 147.68%.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Severn Trent from a “strong-buy” rating to a “hold” rating in a report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Severn Trent Company Profile

Severn Trent Plc (OTCMKTS:STRNY) is an integrated water utility company based in Coventry, United Kingdom, specializing in the provision of water supply and wastewater treatment services. As one of the principal regulated water and sewerage companies in England and Wales, it delivers clean drinking water to households and businesses, manages sewer networks, operates sewage treatment works, and maintains extensive water infrastructure across its service regions. Its operations are governed by regulatory frameworks that aim to ensure high standards of water quality, environmental protection, and customer service.

The company traces its origins to the privatization of the regional water authorities in England and Wales in 1989.