Persimmon Plc (OTCMKTS:PSMMY) Short Interest Up 1,956.5% in March

Persimmon Plc (OTCMKTS:PSMMY) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 47,300 shares, an increase of 1,956.5% from the February 28th total of 2,300 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 71,000 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PSMMY. Citigroup raised Persimmon from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 3rd. Royal Bank of Canada lowered shares of Persimmon from a “hold” rating to a “strong sell” rating in a research report on Monday, December 2nd.

Persimmon Trading Down 0.2 %

Shares of PSMMY traded down $0.06 during mid-day trading on Wednesday, reaching $31.32. 156,104 shares of the company’s stock were exchanged, compared to its average volume of 27,312. Persimmon has a 52-week low of $25.47 and a 52-week high of $45.60. The company has a 50-day simple moving average of $30.81 and a two-hundred day simple moving average of $34.31.

Persimmon Company Profile

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.