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

Pennon Group Plc (OTCMKTS:PEGRY) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totalling 49,400 shares, an increase of 138.6% from the July 15th total of 20,700 shares. Based on an average daily trading volume, of 143,400 shares, the short-interest ratio is currently 0.3 days.

Pennon Group Stock Performance

Shares of PEGRY traded up $0.39 during mid-day trading on Tuesday, reaching $15.31. The company had a trading volume of 105,408 shares, compared to its average volume of 60,843. Pennon Group has a 52 week low of $13.37 and a 52 week high of $19.86. The firm has a 50-day moving average price of $15.70 and a 200 day moving average price of $16.51.

Pennon Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, September 20th. Investors of record on Friday, July 26th will be paid a $0.7198 dividend. This is a boost from Pennon Group’s previous dividend of $0.31. The ex-dividend date is Friday, July 26th. Pennon Group’s payout ratio is presently 29.39%.

Pennon Group Company Profile

Pennon Group Plc provides clean water and wastewater services in the United Kingdom. It provides water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; water-only services in the areas of Dorset, Hampshire, and Wiltshire; and water and wastewater retail services to non-household customers in Great Britain.