Short Interest in Severn Trent PLC (OTCMKTS:STRNY) Rises By 901.9%

Severn Trent PLC (OTCMKTS:STRNY) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 26,469 shares, an increase of 901.9% from the May 14th total of 2,642 shares. Based on an average daily volume of 40,151 shares, the days-to-cover ratio is presently 0.7 days.

Severn Trent Stock Up 0.1%

STRNY opened at $39.61 on Friday. The firm’s fifty day moving average price is $42.20 and its two-hundred day moving average price is $40.80. Severn Trent has a 1 year low of $33.73 and a 1 year high of $45.46.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on STRNY shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of Severn Trent in a research report on Monday, June 1st. Kepler Capital Markets downgraded shares of Severn Trent from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Citigroup reaffirmed a “neutral” rating on shares of Severn Trent in a report on Thursday. Finally, Zacks Research downgraded shares of Severn Trent from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

About Severn Trent

Severn Trent Plc (OTCMKTS:STRNY) is an integrated water utility company based in Coventry, United Kingdom, specializing in the provision of water supply and wastewater treatment services. As one of the principal regulated water and sewerage companies in England and Wales, it delivers clean drinking water to households and businesses, manages sewer networks, operates sewage treatment works, and maintains extensive water infrastructure across its service regions. Its operations are governed by regulatory frameworks that aim to ensure high standards of water quality, environmental protection, and customer service.

The company traces its origins to the privatization of the regional water authorities in England and Wales in 1989.