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

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Citigroup reiterated a “buy” rating on shares of Persimmon in a report on Wednesday, January 14th. The Goldman Sachs Group initiated coverage on shares of Persimmon in a research note on Monday, November 24th. They set a “buy” rating on the stock. Finally, Royal Bank Of Canada upgraded shares of Persimmon from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Persimmon Stock Performance

Shares of OTCMKTS PSMMY traded up $0.04 during mid-day trading on Wednesday, reaching $41.30. 60,577 shares of the company’s stock were exchanged, compared to its average volume of 12,684. The company’s 50-day moving average is $38.38 and its 200-day moving average is $34.16. Persimmon has a 52-week low of $27.82 and a 52-week high of $41.84.

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.