Severn Trent PLC (OTCMKTS:STRNY – Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 25,243 shares, a drop of 35.2% from the August 15th total of 38,961 shares. Based on an average daily volume of 18,634 shares, the short-interest ratio is presently 1.4 days.
Wall Street Analyst Weigh In
A number of research firms have commented on STRNY. Citigroup reissued a “neutral” rating on shares of Severn Trent in a report on Thursday, June 11th. BNP Paribas Exane started coverage on shares of Severn Trent in a research report on Monday, June 29th. They issued a “neutral” rating on the stock. Jefferies Financial Group downgraded shares of Severn Trent from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Royal Bank Of Canada reissued a “sector perform” rating on shares of Severn Trent in a report on Monday, June 1st. Finally, Zacks Research raised shares of Severn Trent from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Get Our Latest Stock Analysis on Severn Trent
Severn Trent Trading Up 2.2%
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.
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