Severn Trent PLC (OTCMKTS:STRNY) Sees Large Growth in Short Interest

Severn Trent PLC (OTCMKTS:STRNY) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 26,966 shares, an increase of 415.2% from the July 15th total of 5,234 shares. Based on an average daily volume of 44,784 shares, the days-to-cover ratio is currently 0.6 days.

Severn Trent Trading Up 0.4%

Shares of Severn Trent stock opened at $42.69 on Friday. The firm has a 50-day simple moving average of $40.51 and a two-hundred day simple moving average of $41.63. Severn Trent has a fifty-two week low of $33.73 and a fifty-two week high of $45.46.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Citigroup reissued a “neutral” rating on shares of Severn Trent in a report on Thursday, June 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Severn Trent in a report on Monday, June 1st. BNP Paribas Exane began coverage on Severn Trent in a research report on Monday, June 29th. They set a “neutral” rating for the company. Zacks Research raised Severn Trent from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Finally, Jefferies Financial Group lowered Severn Trent from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average 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.