Short Interest in Persimmon Plc (OTCMKTS:PSMMY) Grows By 1,956.5%

Persimmon Plc (OTCMKTS:PSMMY - Get Free Report) was the recipient of a large increase in short interest during 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 company are sold short. Based on an average trading volume of 71,000 shares, the days-to-cover ratio is presently 0.7 days.

Persimmon Stock Up 1.7 %

Persimmon stock traded up $0.52 during mid-day trading on Friday, reaching $31.44. 381,195 shares of the stock traded hands, compared to its average volume of 36,660. Persimmon has a 12-month low of $25.47 and a 12-month high of $45.60. The business's 50-day moving average is $30.88 and its 200-day moving average is $34.15.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PSMMY. Citigroup raised shares of Persimmon from a "hold" rating to a "strong-buy" rating in a report 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.