Centrica PLC (OTCMKTS:CPYYY) Short Interest Up 468.5% in August

Centrica PLC (OTCMKTS:CPYYY) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 44,420 shares, an increase of 468.5% from the August 15th total of 7,814 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 187,170 shares, the days-to-cover ratio is presently 0.2 days.

Centrica Trading Down 0.5%

OTCMKTS CPYYY opened at $8.38 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.43 and a quick ratio of 1.37. The company’s 50-day simple moving average is $8.70 and its two-hundred day simple moving average is $10.05. Centrica has a one year low of $8.07 and a one year high of $12.15.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. HSBC upgraded Centrica from a “hold” rating to a “buy” rating in a 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 analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Centrica Company Profile

Centrica plc is a United Kingdom-based energy services company focused on supplying energy and providing related services to households and businesses. Its principal consumer brand, British Gas, offers electricity and natural gas, home energy management, boiler and heating services, and maintenance solutions. Centrica also provides connected-home products and services through offerings associated with the British Gas and Hive brands.

Through its business operations, Centrica participates in energy supply, energy trading, power generation, and customer-focused energy solutions.