Persimmon Plc (OTCMKTS:PSMMY) Short Interest Up 10,665.4% in March

Persimmon Plc (OTCMKTS:PSMMY) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 2,799 shares, a growth of 10,665.4% from the February 26th total of 26 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 19,131 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 19,131 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Persimmon Trading Down 4.3%

OTCMKTS PSMMY traded down $1.33 during mid-day trading on Tuesday, hitting $29.67. The company’s stock had a trading volume of 10,536 shares, compared to its average volume of 12,512. Persimmon has a 52-week low of $27.82 and a 52-week high of $41.84. The stock’s fifty day simple moving average is $37.52 and its two-hundred day simple moving average is $34.74.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Royal Bank Of Canada raised Persimmon from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Citigroup reaffirmed a “buy” rating on shares of Persimmon in a research report on Wednesday, January 14th. Finally, The Goldman Sachs Group began coverage on Persimmon in a research note on Monday, November 24th. They issued a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat.com, Persimmon has a consensus rating of “Buy”.

About Persimmon

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.