Severn Trent PLC (OTCMKTS:STRNY) Sees Significant Increase in Short Interest

Severn Trent PLC (OTCMKTS:STRNY) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 14,500 shares, a growth of 70.6% from the September 15th total of 8,500 shares. Based on an average trading volume of 36,100 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Barclays cut Severn Trent from a “strong-buy” rating to a “hold” rating in a report on Monday, August 5th.

Severn Trent Stock Performance

Severn Trent stock traded up $0.54 during midday trading on Friday, reaching $33.56. 19,131 shares of the stock traded hands, compared to its average volume of 35,085. The company has a 50-day simple moving average of $34.05 and a two-hundred day simple moving average of $32.69. Severn Trent has a 12-month low of $29.00 and a 12-month high of $36.56.

Severn Trent Company Profile

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.