Persimmon Plc (OTCMKTS:PSMMY) Short Interest Up 903.3% in April

Persimmon Plc (OTCMKTS:PSMMY) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 612 shares, a growth of 903.3% from the April 15th total of 61 shares. Based on an average trading volume of 31,618 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Several brokerages have commented on PSMMY. Morgan Stanley restated an “overweight” rating on shares of Persimmon in a research note on Tuesday, April 14th. Citigroup restated a “buy” rating on shares of Persimmon in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Persimmon Stock Performance

Shares of OTCMKTS:PSMMY opened at $28.68 on Thursday. The firm’s 50 day moving average is $30.77 and its two-hundred day moving average is $34.47. Persimmon has a 52 week low of $27.38 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.