Short Interest in Severn Trent PLC (OTCMKTS:STRNY) Decreases By 55.6%

Severn Trent PLC (OTCMKTS:STRNYGet Free Report) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 2,915 shares, a decline of 55.6% from the June 15th total of 6,562 shares. Based on an average trading volume of 55,129 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

STRNY has been the topic of a number of research analyst reports. BNP Paribas Exane assumed coverage on Severn Trent in a research note on Monday, June 29th. They issued a “neutral” rating on the stock. Citigroup reaffirmed a “neutral” rating on shares of Severn Trent in a research report on Thursday, June 11th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Severn Trent in a report on Monday, June 1st. Finally, Zacks Research upgraded 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 given a Hold rating to the company’s stock. According to MarketBeat, Severn Trent presently has a consensus rating of “Hold”.

Get Our Latest Analysis on Severn Trent

Severn Trent Trading Down 0.5%

STRNY stock opened at $40.67 on Thursday. Severn Trent has a fifty-two week low of $33.73 and a fifty-two week high of $45.46. The business’s fifty day moving average price is $40.59 and its two-hundred day moving average price is $41.16.

Severn Trent Company Profile

(Get Free Report)

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.

Further Reading

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