Persimmon Plc (OTCMKTS:PSMMY) Sees Significant Growth in Short Interest

Persimmon Plc (OTCMKTS:PSMMY) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,388 shares, a growth of 108.0% from the September 15th total of 1,148 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 8,135 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Several equities analysts have commented on PSMMY shares. UBS Group initiated coverage on Persimmon in a research report on Wednesday, September 9th. They issued a “buy” rating for the company. Zacks Research upgraded Persimmon from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded Persimmon from a “hold” rating to a “buy” rating in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Persimmon Stock Performance

Shares of Persimmon stock opened at $32.23 on Wednesday. Persimmon has a twelve month low of $26.71 and a twelve month high of $41.84. The company’s fifty day moving average is $31.57 and its 200 day moving average is $29.94. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.21 and a quick ratio of 0.34.

Persimmon Company Profile

Persimmon plc is a United Kingdom-based housebuilding company that develops, constructs and sells residential properties. Its portfolio includes homes designed for first-time buyers, families and other owner-occupiers, ranging from apartments and smaller houses to larger family properties.

The company operates through several established brands, including Persimmon Homes, Charles Church and Westbury Partnerships. In addition to private-market housing, its activities include working with housing associations and other partners to provide affordable and social housing.