Severn Trent PLC (OTCMKTS:STRNY – Get Free Report) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 6,562 shares, a decrease of 75.2% from the May 31st total of 26,469 shares. Based on an average trading volume of 77,694 shares, the days-to-cover ratio is presently 0.1 days.
Severn Trent Stock Performance
OTCMKTS:STRNY opened at $39.31 on Monday. The company’s 50-day simple moving average is $41.28 and its 200-day simple moving average is $40.88. Severn Trent has a fifty-two week low of $33.73 and a fifty-two week high of $45.46.
Analysts Set New Price Targets
A number of research firms have commented on STRNY. Citigroup reissued a “neutral” rating on shares of Severn Trent in a research report on Thursday, June 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Severn Trent in a research report on Monday, June 1st. Zacks Research upgraded shares of Severn Trent from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. Finally, BNP Paribas Exane assumed coverage on shares of Severn Trent in a report on Monday. They set a “neutral” rating on the stock. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Severn Trent currently has a consensus rating of “Hold”.
About Severn Trent
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.
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