Persimmon Plc (OTCMKTS:PSMMY) Short Interest Up 10,665.4% in March

Persimmon Plc (OTCMKTS:PSMMY) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 2,799 shares, an increase of 10,665.4% from the February 26th total of 26 shares. Based on an average daily volume of 19,131 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 19,131 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PSMMY. Royal Bank Of Canada upgraded Persimmon from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. The Goldman Sachs Group assumed coverage on Persimmon in a research note on Monday, November 24th. They issued a “buy” rating for the company. Finally, Citigroup reiterated a “buy” rating on shares of Persimmon in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Persimmon Stock Performance

Shares of Persimmon stock traded down $1.33 on Tuesday, hitting $29.67. 10,536 shares of the company’s stock traded hands, compared to its average volume of 12,512. Persimmon has a 52-week low of $27.82 and a 52-week high of $41.84. The firm’s 50-day moving average is $37.52 and its 200 day moving average is $34.74.

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.