Persimmon Plc (OTCMKTS:PSMMY) Short Interest Down 88.3% in February

Persimmon Plc (OTCMKTS:PSMMY) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 26 shares, a decrease of 88.3% from the February 12th total of 223 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 25,702 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 25,702 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

PSMMY has been the subject of several recent research reports. The Goldman Sachs Group initiated coverage on Persimmon in a report on Monday, November 24th. They set a “buy” rating for the company. Royal Bank Of Canada upgraded Persimmon from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. Finally, Citigroup reiterated a “buy” rating on shares of Persimmon in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Persimmon Stock Performance

Shares of Persimmon stock opened at $34.13 on Thursday. The business has a fifty day simple moving average of $38.48 and a 200-day simple moving average of $34.59. Persimmon has a fifty-two week low of $27.82 and a fifty-two week high of $41.84.

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.