Severn Trent PLC (OTCMKTS:STRNY) Short Interest Update

Severn Trent PLC (OTCMKTS:STRNY) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 7,704 shares, a drop of 69.5% from the August 31st total of 25,243 shares. Based on an average daily volume of 36,613 shares, the short-interest ratio is currently 0.2 days.

Severn Trent Trading Up 1.0%

Shares of STRNY opened at $41.30 on Friday. The firm has a fifty day simple moving average of $41.67 and a two-hundred day simple moving average of $41.46. Severn Trent has a 1-year low of $34.46 and a 1-year high of $45.46.

Wall Street Analyst Weigh In

Several research firms have commented on STRNY. Citigroup reissued a “neutral” rating on shares of Severn Trent in a research note on Thursday, June 11th. Jefferies Financial Group lowered Severn Trent from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. BNP Paribas Exane initiated coverage on shares of Severn Trent in a report on Monday, June 29th. They issued a “neutral” rating for the company. Zacks Research upgraded Severn Trent from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Severn Trent in a research report on Monday, June 1st. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Severn Trent Company Profile

Severn Trent plc is a United Kingdom-based water and wastewater services company. Through its regulated operations, the company collects, treats and supplies clean water to households and businesses, while also collecting and treating wastewater before returning it safely to the environment.

Severn Trent primarily serves communities across the Midlands of England through Severn Trent Water. The group also provides water and wastewater services in parts of Wales through Hafren Dyfrdwy. Its activities include operating reservoirs, treatment works, pumping stations and sewer networks, as well as maintaining infrastructure and supporting environmental protection.

The company traces its origins to the formation of the Severn Trent Water Authority in 1974 and became a publicly listed water company following the privatization of the water industry in 1989.