Centrica PLC (OTCMKTS:CPYYY) Short Interest Down 61.2% in July

Centrica PLC (OTCMKTS:CPYYY) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 14,324 shares, a drop of 61.2% from the June 30th total of 36,938 shares. Based on an average trading volume of 235,094 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets upgraded Centrica from a “hold” rating to a “strong-buy” rating in a report on Monday. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Centrica Stock Performance

Shares of Centrica stock traded down $0.21 during trading hours on Tuesday, hitting $8.31. The company’s stock had a trading volume of 46,833 shares, compared to its average volume of 74,066. Centrica has a 1-year low of $8.28 and a 1-year high of $12.15. The business has a fifty day moving average of $9.75 and a 200 day moving average of $10.49. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.45 and a quick ratio of 1.41.

Centrica Company Profile

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.