Short Interest in Severn Trent PLC (OTCMKTS:STRNY) Drops By 35.2%

Severn Trent PLC (OTCMKTS:STRNYGet Free Report) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 25,243 shares, a decline of 35.2% from the August 15th total of 38,961 shares. Based on an average daily volume of 18,634 shares, the short-interest ratio is currently 1.4 days.

Severn Trent Stock Performance

Severn Trent stock traded up $0.88 during mid-day trading on Thursday, hitting $41.54. The company had a trading volume of 1,554 shares, compared to its average volume of 18,325. The business has a fifty day moving average of $41.56 and a 200 day moving average of $41.56. Severn Trent has a 1 year low of $33.79 and a 1 year high of $45.46.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. BNP Paribas Exane started coverage on Severn Trent in a research report on Monday, June 29th. They issued a “neutral” rating on the stock. Zacks Research raised Severn Trent from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Citigroup reaffirmed a “neutral” rating on shares of Severn Trent in a research note on Thursday, June 11th. Royal Bank Of Canada restated a “sector perform” rating on shares of Severn Trent in a report on Monday, June 1st. Finally, Jefferies Financial Group cut shares of Severn Trent from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Check Out Our Latest Stock Analysis on Severn Trent

Severn Trent Company Profile

(Get Free Report)

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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