Pennon Group Plc (OTCMKTS:PEGRY) Sees Significant Growth in Short Interest

Pennon Group Plc (OTCMKTS:PEGRY) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 3,316 shares, a growth of 187.3% from the August 15th total of 1,154 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 8,431 shares, the days-to-cover ratio is presently 0.4 days.

Pennon Group Price Performance

Shares of Pennon Group stock opened at $12.09 on Monday. Pennon Group has a twelve month low of $11.89 and a twelve month high of $16.35. The company’s fifty day moving average is $12.59 and its 200 day moving average is $13.51.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Pennon Group to a “hold” rating in a report on Thursday, May 21st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Pennon Group has an average rating of “Hold”.

About Pennon Group

Pennon Group plc is a United Kingdom-based water and wastewater services company. Through its regulated water businesses, the group supplies drinking water, collects and treats wastewater, and manages related infrastructure and environmental services for household and business customers.

Pennon’s principal operating company is South West Water, which serves Cornwall, Devon, the Isles of Scilly and parts of Dorset. The group also owns Bournemouth Water, which supplies customers in parts of Dorset and Hampshire.