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

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on PSMMY shares. 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. Citigroup upgraded Persimmon from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 3rd.

Persimmon Stock Performance

Shares of Persimmon stock traded down $0.06 during trading hours on Wednesday, reaching $31.32. The stock had a trading volume of 156,104 shares, compared to its average volume of 27,312. Persimmon has a 1 year low of $25.47 and a 1 year high of $45.60. The firm has a 50 day simple moving average of $30.81 and a two-hundred day simple moving average of $34.31.

About Persimmon

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.