Short Interest in Centrica plc (OTCMKTS:CPYYY) Drops By 21.5%

Centrica plc (OTCMKTS:CPYYY) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 7,300 shares, a drop of 21.5% from the February 28th total of 9,300 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 21,800 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Barclays downgraded shares of Centrica from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 19th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Centrica Stock Performance

Shares of CPYYY stock traded up $0.07 during trading hours on Wednesday, hitting $7.75. 13,075 shares of the company’s stock were exchanged, compared to its average volume of 8,686. The firm has a 50 day moving average of $7.31 and a two-hundred day moving average of $6.73. Centrica has a fifty-two week low of $5.80 and a fifty-two week high of $7.89. The company has a current ratio of 1.77, a quick ratio of 1.66 and a debt-to-equity ratio of 0.50.

About Centrica

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.