Pennon Group Plc (OTCMKTS:PEGRY) Sees Significant Decrease in Short Interest

Pennon Group Plc (OTCMKTS:PEGRY) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 2,571 shares, a decrease of 80.0% from the June 30th total of 12,856 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 67,533 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Pennon Group to a “hold” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Pennon Group currently has an average rating of “Hold”.

Pennon Group Price Performance

Shares of PEGRY stock opened at $12.40 on Friday. Pennon Group has a fifty-two week low of $11.80 and a fifty-two week high of $16.35. The stock’s 50-day moving average is $13.08 and its two-hundred day moving average is $14.15. The firm has a market cap of $2.93 billion and a P/E ratio of 22.31.

Pennon Group Company Profile

Pennon Group (OTCMKTS:PEGRY) is a UK‐based utilities and environmental services company that operates through two main businesses: South West Water and Viridor. The group provides water supply, wastewater treatment and collection services to residential, commercial and industrial customers in the South West of England. Its water division serves regional communities with drinking water production, network maintenance and sewage treatment, while ensuring compliance with regulatory standards for water quality and environmental protection.

South West Water, Pennon’s core water operations arm, manages water resources and distribution infrastructure across Cornwall, Devon and parts of Dorset and Somerset.