Severn Trent PLC (OTCMKTS:STRNY – Get Free Report) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 2,915 shares, a decrease of 55.6% from the June 15th total of 6,562 shares. Based on an average daily volume of 55,129 shares, the short-interest ratio is presently 0.1 days.
Severn Trent Trading Up 0.2%
STRNY opened at $40.86 on Wednesday. Severn Trent has a 52-week low of $33.73 and a 52-week high of $45.46. The company has a 50 day moving average of $40.66 and a two-hundred day moving average of $41.14.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on STRNY. Zacks Research raised shares of Severn Trent from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. BNP Paribas Exane assumed coverage on Severn Trent in a research report on Monday, June 29th. They set a “neutral” rating for the company. Citigroup restated a “neutral” rating on shares of Severn Trent in a research note on Thursday, June 11th. 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 and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.
About Severn Trent
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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