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

Persimmon Plc (OTCMKTS:PSMMY) was the recipient of a large growth in short interest in 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 stock are short sold. Based on an average daily trading volume, of 71,000 shares, the days-to-cover ratio is currently 0.7 days.

Persimmon Price Performance

Shares of OTCMKTS:PSMMY traded down $0.06 on Thursday, hitting $31.32. The company had a trading volume of 156,104 shares, compared to its average volume of 27,312. The stock has a 50 day moving average price of $30.81 and a 200 day moving average price of $34.31. Persimmon has a 1-year low of $25.47 and a 1-year high of $45.60.

Analyst Upgrades and Downgrades

PSMMY has been the topic of a number of recent research reports. Royal Bank of Canada downgraded 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 research note on Tuesday, December 3rd.

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.