Short Interest in Persimmon Plc (OTCMKTS:PSMMY) Grows By 302.8%

Persimmon Plc (OTCMKTS:PSMMY) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,465 shares, an increase of 302.8% from the April 30th total of 612 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 25,521 shares, the short-interest ratio is currently 0.1 days.

Persimmon Stock Performance

Shares of PSMMY opened at $29.87 on Friday. Persimmon has a 12-month low of $27.33 and a 12-month high of $41.84. The company’s 50-day moving average price is $29.65 and its 200 day moving average price is $34.16.

Analysts Set New Price Targets

Separately, Morgan Stanley restated an “overweight” rating on shares of Persimmon in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

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.