Centrica PLC (OTCMKTS:CPYYY) Stock Short Interest Jumps 253.5%

Centrica PLC (OTCMKTS:CPYYY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 157,016 shares, a growth of 253.5% from the August 31st total of 44,420 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 408,140 shares, the short-interest ratio is currently 0.4 days.

Centrica Price Performance

Shares of CPYYY stock remained flat at $8.02 on Friday. 84,322 shares of the stock were exchanged, compared to its average volume of 177,239. The company has a current ratio of 1.43, a quick ratio of 1.37 and a debt-to-equity ratio of 0.67. Centrica has a 52-week low of $7.79 and a 52-week high of $12.15. The firm has a 50 day simple moving average of $8.44 and a 200-day simple moving average of $9.86.

Wall Street Analyst Weigh In

Several research analysts have commented on CPYYY shares. HSBC upgraded shares of Centrica from a “hold” rating to a “buy” rating in a research report on Thursday, July 30th. Kepler Capital Markets upgraded Centrica from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Centrica has an average rating of “Buy”.

About Centrica

Centrica plc is a United Kingdom-based energy services company focused on supplying energy and providing related services to households and businesses. Its principal consumer brand, British Gas, offers electricity and natural gas, home energy management, boiler and heating services, and maintenance solutions. Centrica also provides connected-home products and services through offerings associated with the British Gas and Hive brands.

Through its business operations, Centrica participates in energy supply, energy trading, power generation, and customer-focused energy solutions.