Short Interest in Persimmon Plc (OTCMKTS:PSMMY) Rises By 87.4%

Persimmon Plc (OTCMKTS:PSMMY) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 8,013 shares, an increase of 87.4% from the July 15th total of 4,277 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 14,192 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PSMMY shares. Zacks Research lowered shares of Persimmon from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft raised Persimmon from a “hold” rating to a “buy” rating in a research note on Friday, August 7th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Persimmon Price Performance

OTCMKTS PSMMY opened at $32.17 on Friday. Persimmon has a one year low of $26.71 and a one year high of $41.84. The business has a fifty day moving average price of $28.97 and a 200 day moving average price of $31.62.

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.