Severn Trent PLC (OTCMKTS:STRNY) Sees Large Increase in Short Interest

Severn Trent PLC (OTCMKTS:STRNY) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 5,234 shares, an increase of 79.6% from the June 30th total of 2,915 shares. Based on an average trading volume of 33,580 shares, the short-interest ratio is presently 0.2 days.

Severn Trent Trading Down 0.2%

STRNY traded down $0.08 on Friday, hitting $41.31. 14,572 shares of the company’s stock were exchanged, compared to its average volume of 19,069. Severn Trent has a fifty-two week low of $33.73 and a fifty-two week high of $45.46. The firm has a 50-day moving average price of $40.35 and a 200-day moving average price of $41.35.

Analysts Set New Price Targets

STRNY has been the topic of several analyst reports. BNP Paribas Exane assumed coverage on Severn Trent in a report on Monday, June 29th. They set a “neutral” rating on the stock. Citigroup reissued a “neutral” rating on shares of Severn Trent in a report on Thursday, June 11th. Royal Bank Of Canada restated a “sector perform” rating on shares of Severn Trent in a research report on Monday, June 1st. Finally, Zacks Research raised shares of Severn Trent from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Severn Trent has a consensus rating of “Hold”.

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.