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

Sse Plc (OTCMKTS:SSEZY) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 193,308 shares, a growth of 640.1% from the May 31st total of 26,118 shares. Based on an average daily volume of 621,581 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

SSE Price Performance

Shares of SSE stock opened at $32.05 on Friday. The company has a 50 day moving average price of $33.02 and a 200 day moving average price of $33.27. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.54. SSE has a 52 week low of $21.70 and a 52 week high of $37.51.

Analyst Upgrades and Downgrades

SSEZY has been the subject of several analyst reports. Zacks Research upgraded SSE from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. The Goldman Sachs Group restated a “neutral” rating on shares of SSE in a research note on Monday, March 23rd. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

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.