Pennon Group Plc (OTCMKTS:PEGRY) Sees Large Increase in Short Interest

Pennon Group Plc (OTCMKTS:PEGRY) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 3,316 shares, an increase of 187.3% from the August 15th total of 1,154 shares. Based on an average daily trading volume, of 8,431 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Pennon Group Stock Performance

Shares of OTCMKTS:PEGRY opened at $12.09 on Friday. Pennon Group has a 52 week low of $11.89 and a 52 week high of $16.35. The company has a 50-day moving average price of $12.59 and a 200 day moving average price of $13.53.

Wall Street Analysts Forecast Growth

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

Pennon Group Company Profile

Pennon Group plc is a United Kingdom-based water and wastewater services company. Through its regulated water businesses, the group supplies drinking water, collects and treats wastewater, and manages related infrastructure and environmental services for household and business customers.

Pennon’s principal operating company is South West Water, which serves Cornwall, Devon, the Isles of Scilly and parts of Dorset. The group also owns Bournemouth Water, which supplies customers in parts of Dorset and Hampshire.