Persimmon Plc (OTCMKTS:PSMMY) Short Interest Update

Persimmon Plc (OTCMKTS:PSMMY) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 4,277 shares, a decrease of 59.3% from the June 30th total of 10,510 shares. Based on an average daily volume of 32,366 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Persimmon Stock Down 0.2%

Shares of OTCMKTS:PSMMY traded down $0.05 during trading on Tuesday, reaching $29.46. 2,215 shares of the stock were exchanged, compared to its average volume of 34,718. The firm’s 50-day moving average price is $28.47 and its 200 day moving average price is $32.24. Persimmon has a 12-month low of $26.71 and a 12-month high of $41.84.

Wall Street Analyst Weigh In

PSMMY has been the topic of a number of research analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of Persimmon in a report on Tuesday, April 14th. Zacks Research downgraded Persimmon from a “hold” rating to a “strong sell” rating in a report on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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.