Centrica PLC (OTCMKTS:CPYYY) Short Interest Update

Centrica PLC (OTCMKTS:CPYYY) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 40,215 shares, a decline of 38.5% from the April 30th total of 65,389 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 423,990 shares, the short-interest ratio is currently 0.1 days.

Centrica Stock Up 1.8%

Shares of OTCMKTS:CPYYY opened at $10.26 on Wednesday. The company has a 50-day moving average price of $11.23 and a 200-day moving average price of $10.34. The company has a quick ratio of 1.41, a current ratio of 1.45 and a debt-to-equity ratio of 0.75. Centrica has a 12 month low of $7.97 and a 12 month high of $12.15.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CPYYY shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Centrica in a research note on Wednesday, February 25th. Jefferies Financial Group downgraded Centrica from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Kepler Capital Markets upgraded Centrica from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Citigroup upgraded Centrica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Centrica in a research note on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

About Centrica

Centrica plc is a British multinational energy and services company headquartered in Windsor, England. The company operates across energy supply, services and solutions, delivering gas and electricity to residential, commercial and industrial customers. In addition to commodity supply, Centrica offers a range of services such as boiler installation and maintenance, smart home technology, and energy efficiency solutions through its field-based engineering teams.

Established in 1997 following the demerger of British Gas, Centrica has evolved through strategic acquisitions and divestments to focus on core markets and capabilities.