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

Pennon Group Plc (OTCMKTS:PEGRY) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 11,063 shares, a decline of 40.6% from the May 31st total of 18,622 shares. Based on an average daily trading volume, of 8,756 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised 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, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Pennon Group Stock Performance

OTCMKTS:PEGRY opened at $12.33 on Wednesday. The company has a market capitalization of $2.91 billion and a P/E ratio of 22.31. The stock’s 50 day moving average price is $13.59 and its 200 day moving average price is $14.30. Pennon Group has a 52 week low of $11.80 and a 52 week high of $16.35.

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.