Persimmon Plc (OTCMKTS:PSMMY) Short Interest Down 62.2% in December

Persimmon Plc (OTCMKTS:PSMMY) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 165 shares, a decrease of 62.2% from the November 30th total of 437 shares. Based on an average daily volume of 11,598 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 11,598 shares, the short-interest ratio is presently 0.0 days.

Persimmon Stock Performance

Shares of OTCMKTS PSMMY traded down $0.02 during mid-day trading on Friday, reaching $36.12. 1,679 shares of the company were exchanged, compared to its average volume of 6,508. Persimmon has a 52 week low of $25.47 and a 52 week high of $38.84. The company’s 50 day moving average price is $33.98 and its 200 day moving average price is $32.67.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PSMMY. Citigroup reiterated a “buy” rating on shares of Persimmon in a research report on Tuesday, December 9th. Royal Bank Of Canada upgraded Persimmon from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Finally, The Goldman Sachs Group began coverage on shares of Persimmon in a research report on Monday, November 24th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently 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.