Sse Plc (OTCMKTS:SSEZY) Sees Significant Decrease in Short Interest

Sse Plc (OTCMKTS:SSEZY) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 52,702 shares, a drop of 72.7% from the June 15th total of 193,308 shares. Based on an average daily volume of 691,273 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Several brokerages have weighed in on SSEZY. The Goldman Sachs Group reissued a “neutral” rating on shares of SSE in a report on Monday, March 23rd. Zacks Research raised SSE from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, SSE presently has an average rating of “Hold”.

SSE Price Performance

Shares of SSE stock traded up $0.45 on Tuesday, reaching $33.32. 102,874 shares of the company were exchanged, compared to its average volume of 273,984. The stock has a fifty day moving average price of $32.39 and a 200-day moving average price of $33.60. The company has a quick ratio of 1.12, a current ratio of 1.20 and a debt-to-equity ratio of 0.54. SSE has a fifty-two week low of $21.70 and a fifty-two week high of $37.51.

SSE Company Profile

SSE plc (OTCMKTS:SSEZY) is a United Kingdom–based energy company engaged across the electricity value chain. Its principal activities include power generation, energy supply to residential and commercial customers, and ownership/operation of electricity networks. The company has a significant presence in renewable energy development alongside conventional generation, and it provides a range of energy-related services and infrastructure solutions.

On the generation side, SSE’s portfolio spans both low-carbon technologies—such as onshore and offshore wind and hydroelectric assets—and thermal generation that supports system reliability.