Severn Trent PLC (OTCMKTS:STRNY – Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 2,642 shares, an increase of 94.3% from the April 30th total of 1,360 shares. Based on an average daily trading volume, of 43,764 shares, the days-to-cover ratio is currently 0.1 days.
Severn Trent Price Performance
Severn Trent stock opened at $39.81 on Wednesday. The business’s fifty day moving average is $42.25 and its two-hundred day moving average is $40.61. Severn Trent has a 52 week low of $33.73 and a 52 week high of $45.46.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on STRNY. Kepler Capital Markets cut shares of Severn Trent from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Royal Bank Of Canada restated a “sector perform” rating on shares of Severn Trent in a research note on Monday. Citigroup cut shares of Severn Trent from a “buy” rating to a “neutral” rating in a research note on Friday, May 1st. Finally, Zacks Research cut Severn Trent from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.
Severn Trent Company Profile
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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