Centrica plc (OTCMKTS:CPYYY) Short Interest Down 74.0% in August

Centrica plc (OTCMKTS:CPYYY) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 6,900 shares, a decline of 74.0% from the August 15th total of 26,500 shares. Based on an average daily volume of 13,100 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CPYYY shares. Berenberg Bank raised Centrica from a “hold” rating to a “buy” rating in a report on Monday, July 1st. Jefferies Financial Group upgraded shares of Centrica from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th. UBS Group upgraded shares of Centrica to a “strong-buy” rating in a research report on Wednesday, June 26th. Finally, The Goldman Sachs Group upgraded shares of Centrica to a “strong-buy” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Centrica has an average rating of “Moderate Buy” and a consensus target price of $190.00.

Centrica Trading Up 0.3 %

CPYYY traded up $0.02 during midday trading on Friday, hitting $6.24. The company had a trading volume of 3,507 shares, compared to its average volume of 12,711. Centrica has a twelve month low of $6.09 and a twelve month high of $8.61. The firm’s 50-day simple moving average is $6.77 and its 200-day simple moving average is $6.77. The company has a current ratio of 1.44, a quick ratio of 1.35 and a debt-to-equity ratio of 0.73.

Centrica Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, November 25th. Investors of record on Friday, October 4th will be issued a $0.0691 dividend. The ex-dividend date is Friday, October 4th.

About Centrica

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Centrica Energy, and Upstream segments.