Persimmon Plc (OTCMKTS:PSMMY) Short Interest Up 2,574.3% in June

Persimmon Plc (OTCMKTS:PSMMY) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 10,510 shares, a growth of 2,574.3% from the June 15th total of 393 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 170,043 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

PSMMY has been the topic of a number of recent research reports. Zacks Research cut Persimmon from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of Persimmon in a research report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Persimmon Trading Down 0.1%

Shares of OTCMKTS:PSMMY traded down $0.02 during trading on Friday, reaching $27.75. 5,777 shares of the stock traded hands, compared to its average volume of 75,886. The stock has a 50-day moving average of $28.53 and a two-hundred day moving average of $32.85. Persimmon has a 52-week low of $26.71 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.