Persimmon Plc (OTCMKTS:PSMMY) Short Interest Up 903.3% in April

Persimmon Plc (OTCMKTS:PSMMY) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 612 shares, a growth of 903.3% from the April 15th total of 61 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 31,618 shares, the days-to-cover ratio is currently 0.0 days.

Persimmon Stock Down 2.3%

Shares of PSMMY traded down $0.69 during trading hours on Tuesday, reaching $29.25. 5,264 shares of the stock traded hands, compared to its average volume of 16,822. The stock has a fifty day simple moving average of $31.21 and a 200 day simple moving average of $34.54. Persimmon has a 52 week low of $27.38 and a 52 week high of $41.84.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Citigroup restated a “buy” rating on shares of Persimmon in a report on Wednesday, January 14th. Morgan Stanley reiterated an “overweight” rating on shares of Persimmon in a report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat.com, the company currently has an average 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.