Centrica PLC (OTCMKTS:CPYYY) Short Interest Up 574.4% in April

Centrica PLC (OTCMKTS:CPYYY) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 65,389 shares, a growth of 574.4% from the April 15th total of 9,696 shares. Based on an average daily trading volume, of 74,019 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the company’s shares are sold short.

Centrica Trading Down 0.7%

Shares of OTCMKTS:CPYYY traded down $0.08 on Tuesday, hitting $11.18. 31,585 shares of the company traded hands, compared to its average volume of 36,463. The stock has a 50 day simple moving average of $11.30 and a 200-day simple moving average of $10.20. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.45 and a quick ratio of 1.41. Centrica has a 52 week low of $7.50 and a 52 week high of $12.15.

Analysts Set New Price Targets

Several research analysts have commented on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Centrica in a report on Wednesday, February 25th. Citigroup upgraded shares of Centrica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Royal Bank Of Canada reissued an “outperform” rating on shares of Centrica in a research note on Wednesday, February 25th. Kepler Capital Markets upgraded shares of Centrica from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Finally, Jefferies Financial Group downgraded Centrica from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Centrica has an average rating of “Buy”.

Centrica Company Profile

Centrica plc is a British multinational energy and services company headquartered in Windsor, England. The company operates across energy supply, services and solutions, delivering gas and electricity to residential, commercial and industrial customers. In addition to commodity supply, Centrica offers a range of services such as boiler installation and maintenance, smart home technology, and energy efficiency solutions through its field-based engineering teams.

Established in 1997 following the demerger of British Gas, Centrica has evolved through strategic acquisitions and divestments to focus on core markets and capabilities.