Severn Trent PLC (OTCMKTS:STRNY – Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 26,469 shares, a growth of 901.9% from the May 14th total of 2,642 shares. Based on an average trading volume of 40,151 shares, the short-interest ratio is presently 0.7 days.
Severn Trent Stock Up 0.5%
Shares of STRNY opened at $39.87 on Wednesday. Severn Trent has a 12-month low of $33.73 and a 12-month high of $45.46. The stock’s fifty day simple moving average is $42.27 and its 200-day simple moving average is $40.76.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on STRNY. Citigroup cut Severn Trent from a “buy” rating to a “neutral” rating in a report on Friday, May 1st. Kepler Capital Markets cut Severn Trent from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Zacks Research cut Severn Trent from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Severn Trent in a report on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Severn Trent has a consensus rating of “Hold”.
Severn Trent Company Profile
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.
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