Centrica plc (OTCMKTS:CPYYY) Sees Significant Increase in Short Interest

Centrica plc (OTCMKTS:CPYYY) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 18,300 shares, an increase of 210.2% from the October 15th total of 5,900 shares. Based on an average daily volume of 20,000 shares, the days-to-cover ratio is currently 0.9 days.

Analyst Ratings Changes

CPYYY has been the subject of a number of analyst reports. Jefferies Financial Group raised Centrica from a “hold” rating to a “buy” rating in a research report on Thursday, August 29th. The Goldman Sachs Group raised Centrica to a “strong-buy” rating in a research note on Thursday, July 25th.

Centrica Price Performance

OTCMKTS:CPYYY traded down $0.08 during trading hours on Tuesday, hitting $5.94. 4,069 shares of the company’s stock traded hands, compared to its average volume of 12,814. The company has a quick ratio of 1.66, a current ratio of 1.77 and a debt-to-equity ratio of 0.50. Centrica has a twelve month low of $5.80 and a twelve month high of $8.13. The stock’s fifty day moving average price is $6.26 and its two-hundred day moving average price is $6.68.

Centrica Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, November 25th. Investors of record on Friday, October 4th will be paid a dividend of $0.0691 per share. The ex-dividend date is Friday, October 4th.

Centrica Company Profile

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Centrica Energy, and Upstream segments.