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

Centrica plc (OTCMKTS:CPYYY) was the recipient of a large decline in short interest during the month of 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 presently 0.5 days.

Centrica Price Performance

Shares of OTCMKTS:CPYYY traded up $0.02 during mid-day trading on Friday, reaching $6.24. The stock had a trading volume of 3,507 shares, compared to its average volume of 12,711. The firm has a 50 day simple moving average of $6.77 and a two-hundred day simple moving average of $6.77. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.35 and a current ratio of 1.44. Centrica has a twelve month low of $6.09 and a twelve month high of $8.61.

Centrica Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, October 4th will be given a dividend of $0.0691 per share. The ex-dividend date is Friday, October 4th.

Analysts Set New Price Targets

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

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.