Pennon Group Plc (OTCMKTS:PEGRF) Short Interest Update

Pennon Group Plc (OTCMKTS:PEGRF) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,222,547 shares, a drop of 22.7% from the February 12th total of 1,580,950 shares. Based on an average daily volume of 58 shares, the days-to-cover ratio is currently 21,078.4 days. Based on an average daily volume of 58 shares, the days-to-cover ratio is currently 21,078.4 days.

Analyst Ratings Changes

Several equities analysts recently weighed in on PEGRF shares. Citigroup raised shares of Pennon Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 20th. Jefferies Financial Group downgraded Pennon Group to a “hold” rating in a report on Friday, January 23rd. Finally, Morgan Stanley upgraded Pennon Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Pennon Group Trading Down 4.7%

OTCMKTS PEGRF opened at $7.20 on Tuesday. Pennon Group has a one year low of $5.13 and a one year high of $7.85. The business’s fifty day moving average is $7.46 and its 200-day moving average is $7.02.

Pennon Group Company Profile

Pennon Group plc is a UK‐based infrastructure and environmental services company, best known for its water and wastewater operations in the south‐west of England and its waste management and recycling businesses across the United Kingdom. Through its regulated water utility subsidiary, South West Water, Pennon provides drinking water supply, sewage collection and treatment, and sewerage services to residential, industrial and commercial customers in Cornwall, Devon and parts of Dorset and Somerset.