Persimmon Plc (OTCMKTS:PSMMY) Sees Large Increase in Short Interest

Persimmon Plc (OTCMKTS:PSMMY) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 2,799 shares, a growth of 10,665.4% from the February 26th total of 26 shares. Based on an average daily volume of 19,131 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 19,131 shares, the days-to-cover ratio is presently 0.1 days.

Persimmon Stock Down 4.3%

Shares of OTCMKTS PSMMY opened at $29.67 on Wednesday. The firm’s fifty day moving average is $37.38 and its 200 day moving average is $34.74. Persimmon has a 52 week low of $27.82 and a 52 week high of $41.84.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada raised shares of Persimmon from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Citigroup reissued a “buy” rating on shares of Persimmon in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

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.