Short Interest in SSE plc (OTCMKTS:SSEZY) Drops By 95.8%

SSE plc (OTCMKTS:SSEZY) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 1,400 shares, a drop of 95.8% from the December 15th total of 33,000 shares. Based on an average daily volume of 387,000 shares, the short-interest ratio is presently 0.0 days.

SSE Price Performance

OTCMKTS:SSEZY traded down $0.66 during mid-day trading on Monday, hitting $18.95. 151,647 shares of the company’s stock were exchanged, compared to its average volume of 297,858. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.68. SSE has a one year low of $18.76 and a one year high of $27.01. The business has a fifty day moving average price of $21.12 and a 200 day moving average price of $23.48.

SSE Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 6th. Investors of record on Friday, January 3rd will be given a dividend of $0.2658 per share. The ex-dividend date of this dividend is Friday, January 3rd.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SSEZY shares. Deutsche Bank Aktiengesellschaft began coverage on SSE in a research note on Wednesday, October 2nd. They issued a “hold” rating for the company. Barclays raised SSE to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Citigroup lowered SSE from a “hold” rating to a “strong sell” rating in a research report on Friday, October 25th.

About SSE

SSE plc engages in the generation, transmission, distribution, and supply of electricity. It generates electricity from water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and central southern England; and owns, operates, and develops high voltage electricity transmission system in the north of Scotland and remote islands.