Centrica PLC (OTCMKTS:CPYYY) Short Interest Down 38.5% in May

Centrica PLC (OTCMKTS:CPYYY) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 40,215 shares, a decline of 38.5% from the April 30th total of 65,389 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 423,990 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

CPYYY has been the subject of a number of recent research reports. Citigroup upgraded Centrica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Kepler Capital Markets upgraded Centrica from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. The Goldman Sachs Group reiterated a “buy” rating on shares of Centrica in a research note on Wednesday, February 25th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Centrica in a research note on Wednesday, February 25th. Finally, Jefferies Financial Group downgraded Centrica from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Centrica has an average rating of “Buy”.

Centrica Price Performance

Shares of CPYYY opened at $10.35 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.45 and a debt-to-equity ratio of 0.75. Centrica has a 1 year low of $7.97 and a 1 year high of $12.15. The company has a 50 day simple moving average of $11.20 and a two-hundred day simple moving average of $10.37.

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.