Short Interest in Centrica PLC (OTCMKTS:CPYYY) Grows By 1,531.3%

Centrica PLC (OTCMKTS:CPYYY) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 7,814 shares, an increase of 1,531.3% from the July 30th total of 479 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 127,534 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

CPYYY has been the topic of several recent research reports. HSBC raised Centrica from a “hold” rating to a “buy” rating in a report on Thursday, July 30th. Kepler Capital Markets raised shares of Centrica from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Centrica Trading Up 0.5%

OTCMKTS CPYYY traded up $0.04 during trading on Tuesday, reaching $8.68. 39,874 shares of the company traded hands, compared to its average volume of 94,381. Centrica has a 1-year low of $8.19 and a 1-year high of $12.15. The stock’s 50 day moving average price is $8.93 and its two-hundred day moving average price is $10.25. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.67.

About Centrica

Centrica plc is a British multinational energy and services company headquartered in Windsor, England. The company operates across energy supply, services and solutions, delivering gas and electricity to residential, commercial and industrial customers. In addition to commodity supply, Centrica offers a range of services such as boiler installation and maintenance, smart home technology, and energy efficiency solutions through its field-based engineering teams.

Established in 1997 following the demerger of British Gas, Centrica has evolved through strategic acquisitions and divestments to focus on core markets and capabilities.