Short Interest in Pennon Group Plc (OTCMKTS:PEGRY) Drops By 80.0%

Pennon Group Plc (OTCMKTS:PEGRY) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 2,571 shares, a drop of 80.0% from the June 30th total of 12,856 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 67,533 shares, the days-to-cover ratio is currently 0.0 days.

Pennon Group Trading Down 4.8%

Shares of OTCMKTS:PEGRY traded down $0.62 during midday trading on Friday, hitting $12.40. The company had a trading volume of 23,473 shares, compared to its average volume of 17,856. Pennon Group has a 12 month low of $11.80 and a 12 month high of $16.35. The firm has a fifty day simple moving average of $13.08 and a 200 day simple moving average of $14.15. The stock has a market cap of $2.93 billion and a price-to-earnings ratio of 22.31.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of 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, According to data from MarketBeat.com, Pennon Group presently has an average rating of “Hold”.

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.