Pennon Group Plc (OTCMKTS:PEGRY) Sees Significant Increase in Short Interest

Pennon Group Plc (OTCMKTS:PEGRY) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 18,622 shares, a growth of 68.8% from the May 14th total of 11,033 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 9,891 shares, the short-interest ratio is presently 1.9 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded Pennon Group to a “hold” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Pennon Group Price Performance

Shares of OTCMKTS:PEGRY traded down $0.19 on Monday, reaching $12.54. 3,000 shares of the company traded hands, compared to its average volume of 12,214. The company’s 50 day moving average is $14.16 and its 200-day moving average is $14.45. The stock has a market capitalization of $2.96 billion and a PE ratio of 22.31. Pennon Group has a fifty-two week low of $11.80 and a fifty-two week high of $16.35.

About Pennon Group

Pennon Group (OTCMKTS:PEGRY) is a UK‐based utilities and environmental services company that operates through two main businesses: South West Water and Viridor. The group provides water supply, wastewater treatment and collection services to residential, commercial and industrial customers in the South West of England. Its water division serves regional communities with drinking water production, network maintenance and sewage treatment, while ensuring compliance with regulatory standards for water quality and environmental protection.

South West Water, Pennon’s core water operations arm, manages water resources and distribution infrastructure across Cornwall, Devon and parts of Dorset and Somerset.