Short Interest in Severn Trent PLC (OTCMKTS:STRNY) Grows By 901.9%

Severn Trent PLC (OTCMKTS:STRNY) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 26,469 shares, an increase of 901.9% from the May 14th total of 2,642 shares. Based on an average trading volume of 40,151 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup downgraded shares of Severn Trent from a “buy” rating to a “neutral” rating in a research report on Friday, May 1st. Kepler Capital Markets downgraded shares of Severn Trent from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Zacks Research downgraded shares of Severn Trent from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Severn Trent in a research report on Monday, June 1st. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Severn Trent Stock Performance

Shares of STRNY stock opened at $39.59 on Thursday. Severn Trent has a 12 month low of $33.73 and a 12 month high of $45.46. The company’s fifty day moving average price is $42.24 and its 200-day moving average price is $40.78.

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.