Severn Trent PLC (OTCMKTS:STRNY) Sees Significant Decline in Short Interest

Severn Trent PLC (OTCMKTS:STRNY) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 1,360 shares, a decrease of 75.0% from the April 15th total of 5,434 shares. Based on an average daily volume of 27,000 shares, the short-interest ratio is currently 0.1 days.

Severn Trent Trading Down 0.8%

Severn Trent stock traded down $0.34 during mid-day trading on Wednesday, hitting $42.42. The company had a trading volume of 8,132 shares, compared to its average volume of 14,134. The stock’s 50 day moving average price is $42.46 and its two-hundred day moving average price is $40.19. Severn Trent has a 12 month low of $33.73 and a 12 month high of $45.46.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on STRNY. Zacks Research cut Severn Trent from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Kepler Capital Markets downgraded Severn Trent from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Finally, Citigroup downgraded Severn Trent from a “buy” rating to a “neutral” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Severn Trent has an average rating of “Hold”.

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.