Severn Trent PLC (OTCMKTS:STRNY) Short Interest Up 415.2% in July

Severn Trent PLC (OTCMKTS:STRNY) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 26,966 shares, a growth of 415.2% from the July 15th total of 5,234 shares. Based on an average daily volume of 44,784 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

STRNY has been the subject of a number of research analyst reports. Zacks Research upgraded Severn Trent from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Jefferies Financial Group lowered shares of Severn Trent from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Citigroup reaffirmed a “neutral” rating on shares of Severn Trent in a research report on Thursday, June 11th. BNP Paribas Exane started coverage on shares of Severn Trent in a research report on Monday, June 29th. They set a “neutral” rating for the company. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Severn Trent in a research note on Monday, June 1st. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Severn Trent has an average rating of “Hold”.

Severn Trent Stock Performance

STRNY opened at $42.40 on Wednesday. Severn Trent has a 52 week low of $33.73 and a 52 week high of $45.46. The business has a fifty day simple moving average of $40.41 and a 200-day simple moving average of $41.58.

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.