Short Interest in Centrica PLC (OTCMKTS:CPYYY) Increases By 1,531.3%

Centrica PLC (OTCMKTS:CPYYY) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 7,814 shares, an increase of 1,531.3% from the July 30th total of 479 shares. Based on an average daily trading volume, of 127,534 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Centrica Price Performance

CPYYY stock opened at $8.68 on Wednesday. Centrica has a 12-month low of $8.19 and a 12-month high of $12.15. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.67. The stock’s 50 day simple moving average is $8.93 and its 200 day simple moving average is $10.25.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CPYYY shares. HSBC raised shares of Centrica from a “hold” rating to a “buy” rating in a research report on Thursday, July 30th. Kepler Capital Markets raised Centrica from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus 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.