Short Interest in Severn Trent PLC (OTCMKTS:STRNY) Decreases By 35.1%

Severn Trent PLC (OTCMKTS:STRNY) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 27,601 shares, a drop of 35.1% from the November 30th total of 42,512 shares. Based on an average daily trading volume, of 33,300 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 33,300 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Severn Trent from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Severn Trent Trading Up 1.2%

Severn Trent stock opened at $37.88 on Tuesday. Severn Trent has a 1-year low of $28.78 and a 1-year high of $39.02. The firm has a 50 day simple moving average of $37.43 and a 200 day simple moving average of $36.52.

Severn Trent Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, January 22nd. Investors of record on Tuesday, December 2nd will be issued a dividend of $0.6091 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a yield of 409.0%. Severn Trent’s dividend payout ratio is 147.68%.

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.