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

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

Analyst Upgrades and Downgrades

CPYYY has been the subject of a number of recent analyst reports. Kepler Capital Markets upgraded shares of Centrica from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. HSBC upgraded shares of Centrica from a “hold” rating to a “buy” rating in a research note on Thursday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.

Centrica Stock Up 0.5%

Shares of Centrica stock traded up $0.04 during trading on Tuesday, reaching $8.68. The company’s stock had a trading volume of 39,874 shares, compared to its average volume of 94,381. The stock has a 50-day moving average price of $8.93 and a two-hundred day moving average price of $10.25. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.37 and a current ratio of 1.43. Centrica has a one year low of $8.19 and a one year high of $12.15.

About Centrica

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.