Short Interest in Pennon Group Plc (OTCMKTS:PEGRY) Declines By 40.6%

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

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Pennon Group to a “hold” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Pennon Group has a consensus rating of “Hold”.

Pennon Group Stock Up 3.4%

Shares of OTCMKTS PEGRY opened at $12.77 on Friday. The business has a 50-day moving average price of $13.51 and a 200 day moving average price of $14.28. The stock has a market cap of $3.01 billion and a PE ratio of 22.31. Pennon Group has a 52-week low of $11.80 and a 52-week high of $16.35.

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.