SSE plc (OTCMKTS:SSEZY) Sees Large Drop in Short Interest

SSE plc (OTCMKTS:SSEZY) was the recipient of a large decline in short interest in May. As of May 31st, there was short interest totalling 118,400 shares, a decline of 49.7% from the May 15th total of 235,500 shares. Based on an average daily trading volume, of 128,800 shares, the days-to-cover ratio is currently 0.9 days.

SSE Price Performance

Shares of OTCMKTS SSEZY traded down $0.22 during mid-day trading on Friday, hitting $22.93. The company had a trading volume of 32,444 shares, compared to its average volume of 105,818. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.91 and a quick ratio of 0.85. The firm has a 50-day simple moving average of $22.21 and a two-hundred day simple moving average of $22.15. SSE has a one year low of $18.08 and a one year high of $24.83.

SSE Company Profile

SSE plc engages in the generation, transmission, distribution, and supply of electricity. It generates electricity from water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and central southern England; and owns, operates, and develops high voltage electricity transmission system in the north of Scotland and remote islands.