Severn Trent PLC (OTCMKTS:STRNY) Sees Significant Growth in Short Interest

Severn Trent PLC (OTCMKTS:STRNY) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 69,200 shares, an increase of 397.8% from the June 30th total of 13,900 shares. Based on an average daily trading volume, of 92,900 shares, the days-to-cover ratio is currently 0.7 days.

Severn Trent Price Performance

Severn Trent stock traded up $0.11 during midday trading on Friday, hitting $32.40. 12,098 shares of the company’s stock were exchanged, compared to its average volume of 34,416. Severn Trent has a 52-week low of $27.39 and a 52-week high of $35.79. The stock has a 50-day moving average price of $32.12 and a two-hundred day moving average price of $32.10.

Severn Trent Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, July 29th. Stockholders of record on Monday, June 3rd will be issued a $0.8434 dividend. This is a boost from Severn Trent’s previous dividend of $0.54. The ex-dividend date of this dividend is Monday, June 3rd. Severn Trent’s dividend payout ratio is presently 205.04%.

Severn Trent Company Profile

Severn Trent PLC operates as a water and sewerage company in England and Wales. It operates through two segments: Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment offers water and waste water services to approximately 4.8 million households and businesses.