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

Pennon Group Plc (OTCMKTS:PEGRY) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 17,508 shares, a drop of 37.0% from the November 30th total of 27,805 shares. Based on an average daily volume of 24,463 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 24,463 shares, the days-to-cover ratio is currently 0.7 days.

Pennon Group Price Performance

Shares of PEGRY stock opened at $14.05 on Friday. The stock’s 50 day simple moving average is $13.77 and its 200 day simple moving average is $13.29. Pennon Group has a twelve month low of $9.84 and a twelve month high of $15.15.

About Pennon Group

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.