Centrica PLC (OTCMKTS:CPYYY) Shares Shorted: Short Interest Up 253.5% in September

Centrica PLC (OTCMKTS:CPYYY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 157,016 shares, a growth of 253.5% from the August 31st total of 44,420 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 408,140 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

CPYYY has been the topic of several recent analyst reports. HSBC upgraded shares of Centrica from a “hold” rating to a “buy” rating in a research note on Thursday, July 30th. Kepler Capital Markets upgraded shares of Centrica from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Centrica Stock Performance

CPYYY opened at $8.02 on Friday. The business’s 50-day simple moving average is $8.44 and its 200-day simple moving average is $9.86. The company has a current ratio of 1.43, a quick ratio of 1.37 and a debt-to-equity ratio of 0.67. Centrica has a one year low of $7.79 and a one year high of $12.15.

About Centrica

Centrica plc is a United Kingdom-based energy services company focused on supplying energy and providing related services to households and businesses. Its principal consumer brand, British Gas, offers electricity and natural gas, home energy management, boiler and heating services, and maintenance solutions. Centrica also provides connected-home products and services through offerings associated with the British Gas and Hive brands.

Through its business operations, Centrica participates in energy supply, energy trading, power generation, and customer-focused energy solutions.