Centrica PLC (OTCMKTS:CPYYY) Short Interest Down 96.7% in July

Centrica PLC (OTCMKTS:CPYYY) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 479 shares, a decline of 96.7% from the July 15th total of 14,324 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 138,878 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CPYYY. Kepler Capital Markets raised Centrica from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. HSBC upgraded shares of Centrica from a “hold” rating to a “buy” rating in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Centrica Stock Up 0.1%

CPYYY stock traded up $0.01 on Tuesday, hitting $8.41. 47,340 shares of the company’s stock were exchanged, compared to its average volume of 90,451. Centrica has a 12-month low of $8.19 and a 12-month high of $12.15. The firm has a 50 day moving average price of $9.25 and a two-hundred day moving average price of $10.39. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.67.

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.