Persimmon Plc (OTCMKTS:PSMMY) Sees Large Increase in Short Interest

Persimmon Plc (OTCMKTS:PSMMY) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 10,510 shares, an increase of 2,574.3% from the June 15th total of 393 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 170,043 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Persimmon in a research note on Tuesday, April 14th. Zacks Research cut shares of Persimmon from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Persimmon Stock Down 0.1%

Shares of PSMMY traded down $0.02 during mid-day trading on Friday, hitting $27.75. 5,777 shares of the stock were exchanged, compared to its average volume of 75,886. Persimmon has a 52-week low of $26.71 and a 52-week high of $41.84. The firm has a 50-day moving average of $28.53 and a two-hundred day moving average of $32.85.

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.