Persimmon Plc (OTCMKTS:PSMMY) Short Interest Up 757.7% in February

Persimmon Plc (OTCMKTS:PSMMY) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 223 shares, a growth of 757.7% from the January 29th total of 26 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 35,017 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 35,017 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

PSMMY has been the topic of a number of research reports. Citigroup restated a “buy” rating on shares of Persimmon in a research note on Wednesday, January 14th. Royal Bank Of Canada upgraded Persimmon from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. Finally, The Goldman Sachs Group assumed coverage on Persimmon in a research note on Monday, November 24th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Persimmon Stock Performance

PSMMY stock traded up $0.04 during midday trading on Wednesday, hitting $41.30. The company’s stock had a trading volume of 60,577 shares, compared to its average volume of 12,684. The firm has a 50-day simple moving average of $38.38 and a 200-day simple moving average of $34.16. Persimmon has a 52-week low of $27.82 and a 52-week high of $41.84.

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.