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

Persimmon Plc (OTCMKTS:PSMMY) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 2,465 shares, an increase of 302.8% from the April 30th total of 612 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 25,521 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Morgan Stanley restated an “overweight” rating on shares of Persimmon in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Persimmon Trading Down 0.5%

Shares of PSMMY stock opened at $30.02 on Friday. The company has a 50 day moving average price of $29.69 and a 200-day moving average price of $34.19. Persimmon has a 52 week low of $27.33 and a 52 week high of $41.84.

Persimmon Company Profile

Persimmon plc (OTCMKTS:PSMMY) is a leading United Kingdom–based residential property developer primarily engaged in the design, construction and sale of new homes. The company’s product range spans starter homes for first-time buyers, family houses and executive properties, addressing a broad spectrum of customer needs. Persimmon also offers warranty and after-sales services through its in-house customer care teams, ensuring ongoing support for homeowners.

Founded in 1972 and headquartered in York, North Yorkshire, Persimmon has grown from a regional builder into one of the UK’s most prolific housebuilders.