Short Interest in Centrica plc (OTCMKTS:CPYYY) Declines By 51.4%

Posted by Matthew Steigler on Nov 29th, 2024

Centrica plc (OTCMKTS:CPYYY – Get Free Report) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 8,900 shares, a decrease of 51.4% from the October 31st total of 18,300 shares. Based on an average daily trading volume, of 26,200 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised Centrica from a “hold” rating to a “buy” rating in a report on Thursday, August 29th.

Check Out Our Latest Analysis on Centrica

Centrica Price Performance

OTCMKTS:CPYYY traded down $0.03 during trading hours on Thursday, hitting $6.36. The company’s stock had a trading volume of 1,438 shares, compared to its average volume of 12,633. The stock has a fifty day moving average of $6.24 and a 200-day moving average of $6.66. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.66 and a current ratio of 1.77. Centrica has a 52-week low of $5.80 and a 52-week high of $8.13.

Centrica Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, November 25th. Investors of record on Friday, October 4th were issued a $0.0691 dividend. The ex-dividend date of this dividend was Friday, October 4th.

About Centrica

(Get Free Report)

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.