Pennon Group Plc (OTCMKTS:PEGRY) Short Interest Down 53.3% in May

Pennon Group Plc (OTCMKTS:PEGRY) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 11,033 shares, a drop of 53.3% from the April 30th total of 23,617 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 20,152 shares, the short-interest ratio is presently 0.5 days.

Pennon Group Trading Down 0.3%

OTCMKTS PEGRY traded down $0.04 during midday trading on Tuesday, hitting $13.45. The company had a trading volume of 1,671 shares, compared to its average volume of 12,876. The company has a market capitalization of $3.17 billion and a PE ratio of 22.31. The firm has a 50-day moving average price of $14.23 and a 200-day moving average price of $14.43. Pennon Group has a twelve month low of $11.80 and a twelve month high of $16.35.

Analyst Ratings Changes

Separately, Zacks Research raised Pennon Group to a “hold” rating in a report on Thursday, May 21st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Pennon Group currently has an average rating of “Hold”.

About Pennon Group

Pennon Group (OTCMKTS:PEGRY) is a UK‐based utilities and environmental services company that operates through two main businesses: South West Water and Viridor. The group provides water supply, wastewater treatment and collection services to residential, commercial and industrial customers in the South West of England. Its water division serves regional communities with drinking water production, network maintenance and sewage treatment, while ensuring compliance with regulatory standards for water quality and environmental protection.

South West Water, Pennon’s core water operations arm, manages water resources and distribution infrastructure across Cornwall, Devon and parts of Dorset and Somerset.