Short Interest in Severn Trent PLC (OTCMKTS:STRNY) Declines By 55.6%

Severn Trent PLC (OTCMKTS:STRNY) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 2,915 shares, a decrease of 55.6% from the June 15th total of 6,562 shares. Based on an average trading volume of 55,129 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

A number of equities research analysts recently commented on STRNY shares. Citigroup reaffirmed a “neutral” rating on shares of Severn Trent in a report on Thursday, June 11th. Zacks Research raised Severn Trent from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. Royal Bank Of Canada restated a “sector perform” rating on shares of Severn Trent in a research note on Monday, June 1st. Finally, BNP Paribas Exane began coverage on Severn Trent in a research report on Monday, June 29th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Severn Trent presently has a consensus rating of “Hold”.

Severn Trent Price Performance

Shares of OTCMKTS STRNY remained flat at $40.78 during midday trading on Tuesday. 14,160 shares of the stock traded hands, compared to its average volume of 18,686. The company’s 50 day simple moving average is $40.70 and its two-hundred day simple moving average is $41.11. Severn Trent has a one year low of $33.73 and a one year high of $45.46.

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.