Short Interest in Persimmon Plc (OTCMKTS:PSMMY) Drops By 94.5%

Persimmon Plc (OTCMKTS:PSMMY) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 61 shares, a decline of 94.5% from the March 31st total of 1,118 shares. Based on an average daily volume of 59,466 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Persimmon Stock Performance

Shares of PSMMY stock opened at $30.17 on Friday. Persimmon has a 1 year low of $27.82 and a 1 year high of $41.84. The stock’s 50 day simple moving average is $33.36 and its two-hundred day simple moving average is $34.66.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PSMMY. Citigroup reissued a “buy” rating on shares of Persimmon in a report on Wednesday, January 14th. Morgan Stanley reissued an “overweight” rating on shares of Persimmon in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.