Short Interest in SSE plc (OTCMKTS:SSEZY) Decreases By 73.1%

SSE plc (OTCMKTS:SSEZY) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 8,100 shares, a decrease of 73.1% from the September 30th total of 30,100 shares. Based on an average daily trading volume, of 209,300 shares, the short-interest ratio is currently 0.0 days.

SSE Stock Down 1.8 %

SSE stock traded down $0.43 during mid-day trading on Friday, hitting $23.58. 23,631 shares of the company’s stock traded hands, compared to its average volume of 88,137. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.68. SSE has a one year low of $19.34 and a one year high of $27.01. The firm has a 50 day moving average price of $25.37 and a 200 day moving average price of $23.87.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Barclays raised SSE to a “strong-buy” rating in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft assumed coverage on SSE in a report on Wednesday, October 2nd. They set a “hold” rating on the stock.

About SSE

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.