Persimmon Plc (OTCMKTS:PSMMY) Sees Large Increase in Short Interest

Persimmon Plc (OTCMKTS:PSMMY) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,465 shares, an increase of 302.8% from the April 30th total of 612 shares. Based on an average daily volume of 25,521 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Persimmon Trading Down 0.5%

Shares of Persimmon stock opened at $30.02 on Friday. The company has a 50-day moving average of $29.69 and a 200 day moving average of $34.19. Persimmon has a 1 year low of $27.33 and a 1 year high of $41.84.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Persimmon in a research report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat.com, Persimmon presently has a consensus rating of “Buy”.

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.