SSE plc (OTCMKTS:SSEZY) Short Interest Down 95.8% in January

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

SSE Stock Up 1.6 %

Shares of SSEZY traded up $0.32 during midday trading on Tuesday, reaching $20.02. 186,293 shares of the stock were exchanged, compared to its average volume of 216,107. SSE has a 12-month low of $18.76 and a 12-month high of $27.01. The firm has a 50 day simple moving average of $20.59 and a 200-day simple moving average of $23.17.

SSE Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.2658 per share. The ex-dividend date is Friday, January 3rd.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SSEZY shares. Barclays upgraded shares of SSE to a “strong-buy” rating in a report on Monday, September 30th. Citigroup upgraded shares of SSE from a “strong sell” rating to a “hold” rating in a report on Monday, January 20th. Deutsche Bank Aktiengesellschaft started coverage on shares of SSE in a report on Wednesday, October 2nd. They set a “hold” rating on the stock. Finally, UBS Group upgraded shares of SSE from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th.

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.