Persimmon Plc (OTCMKTS:PSMMY) Sees Significant Decrease in Short Interest

Persimmon Plc (OTCMKTS:PSMMY) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 165 shares, a drop of 62.2% from the November 30th total of 437 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 11,598 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 11,598 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Persimmon Stock Down 0.0%

PSMMY traded down $0.02 on Friday, hitting $36.12. 1,679 shares of the company traded hands, compared to its average volume of 6,508. Persimmon has a 12-month low of $25.47 and a 12-month high of $38.84. The company has a 50 day moving average of $33.98 and a 200-day moving average of $32.70.

Analyst Ratings Changes

A number of brokerages have commented on PSMMY. The Goldman Sachs Group began coverage on shares of Persimmon in a research report on Monday, November 24th. They issued a “buy” rating on the stock. Citigroup reissued a “buy” rating on shares of Persimmon in a research report on Tuesday, December 9th. Finally, Royal Bank Of Canada upgraded Persimmon from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

About Persimmon

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.