Persimmon Plc (OTCMKTS:PSMMY) Short Interest Update

Persimmon Plc (OTCMKTS:PSMMY) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 26 shares, a decrease of 96.2% from the December 31st total of 676 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 20,125 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 20,125 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

PSMMY has been the topic of a number of research analyst reports. Citigroup restated a “buy” rating on shares of Persimmon in a report on Wednesday, January 14th. The Goldman Sachs Group initiated coverage on Persimmon in a research note on Monday, November 24th. They set a “buy” rating on the stock. Finally, Royal Bank Of Canada upgraded Persimmon from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Persimmon Stock Up 2.1%

Persimmon stock opened at $39.99 on Thursday. The stock’s 50 day simple moving average is $36.20 and its two-hundred day simple moving average is $32.96. Persimmon has a fifty-two week low of $27.82 and a fifty-two week high of $40.01.

About Persimmon

Persimmon plc (OTCMKTS:PSMMY) is a leading United Kingdom–based residential property developer primarily engaged in the design, construction and sale of new homes. The company’s product range spans starter homes for first-time buyers, family houses and executive properties, addressing a broad spectrum of customer needs. Persimmon also offers warranty and after-sales services through its in-house customer care teams, ensuring ongoing support for homeowners.

Founded in 1972 and headquartered in York, North Yorkshire, Persimmon has grown from a regional builder into one of the UK’s most prolific housebuilders.