Short Interest in Persimmon Plc (OTCMKTS:PSMMY) Declines By 36.4%

Persimmon Plc (OTCMKTS:PSMMY) was the target of a large drop in short interest in September. As of September 30th, there was short interest totalling 700 shares, a drop of 36.4% from the September 15th total of 1,100 shares. Based on an average trading volume of 3,700 shares, the days-to-cover ratio is currently 0.2 days.

Persimmon Trading Up 2.1 %

Persimmon stock traded up $0.87 during midday trading on Monday, reaching $42.39. The company’s stock had a trading volume of 9,700 shares, compared to its average volume of 7,419. The stock’s 50-day simple moving average is $43.28 and its 200-day simple moving average is $38.57. Persimmon has a 52-week low of $23.04 and a 52-week high of $45.52.

Persimmon Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, October 18th will be issued a $0.4829 dividend. The ex-dividend date is Friday, October 18th.

Persimmon Company Profile

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.