Centrica plc (OTCMKTS:CPYYY) Sees Significant Decline in Short Interest

Centrica plc (OTCMKTS:CPYYY) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 8,900 shares, a drop of 51.4% from the October 31st total of 18,300 shares. Based on an average trading volume of 26,200 shares, the days-to-cover ratio is presently 0.3 days.

Centrica Trading Up 2.2 %

CPYYY opened at $6.50 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.77 and a debt-to-equity ratio of 0.50. Centrica has a 52 week low of $5.80 and a 52 week high of $8.13. The business’s 50 day moving average is $6.24 and its two-hundred day moving average is $6.65.

Centrica Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, October 4th were issued a $0.0691 dividend. The ex-dividend date was Friday, October 4th.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of Centrica from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th.

About Centrica

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Centrica Energy, and Upstream segments.