Short Interest in Severn Trent PLC (OTCMKTS:STRNY) Drops By 42.8%

Severn Trent PLC (OTCMKTS:STRNY) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 10,700 shares, a decrease of 42.8% from the October 15th total of 18,700 shares. Based on an average trading volume of 26,900 shares, the days-to-cover ratio is currently 0.4 days.

Severn Trent Stock Performance

Severn Trent stock traded up $0.15 during mid-day trading on Friday, hitting $34.20. 16,817 shares of the company were exchanged, compared to its average volume of 32,847. Severn Trent has a 1-year low of $29.00 and a 1-year high of $36.56. The business has a fifty day moving average of $34.72 and a 200 day moving average of $33.29.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on STRNY. Citigroup raised Severn Trent from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Barclays lowered shares of Severn Trent from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th.

About Severn Trent

Severn Trent PLC operates as a water and sewerage company in England and Wales. It operates through two segments: Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment offers water and waste water services to approximately 4.8 million households and businesses.