Short Interest in Severn Trent PLC (OTCMKTS:STRNY) Expands By 70.6%

Severn Trent PLC (OTCMKTS:STRNY) saw a significant growth in short interest during 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 daily volume of 36,100 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

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

Severn Trent Price Performance

Shares of OTCMKTS:STRNY opened at $33.56 on Monday. The stock’s 50-day simple moving average is $34.05 and its two-hundred day simple moving average is $32.69. Severn Trent has a 52-week low of $29.00 and a 52-week high of $36.56.

About Severn Trent

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.