Persimmon Plc (OTCMKTS:PSMMY) Sees Significant Decrease in Short Interest

Persimmon Plc (OTCMKTS:PSMMY) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 2,300 shares, a decline of 68.1% from the February 13th total of 7,200 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 18,500 shares, the short-interest ratio is presently 0.1 days.

Persimmon Stock Down 3.9 %

Shares of PSMMY stock traded down $1.25 during mid-day trading on Thursday, hitting $30.70. The company’s stock had a trading volume of 9,297 shares, compared to its average volume of 13,785. Persimmon has a 52-week low of $25.47 and a 52-week high of $45.60. The business has a 50-day moving average price of $30.06 and a 200 day moving average price of $35.17.

Analyst Ratings Changes

A number of research firms have weighed in on PSMMY. Citigroup upgraded shares of Persimmon from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada downgraded shares of Persimmon from a “hold” rating to a “strong sell” rating in a research report on Monday, December 2nd.

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.