Short Interest in Persimmon Plc (OTCMKTS:PSMMY) Declines By 59.3%

Persimmon Plc (OTCMKTS:PSMMY) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 4,277 shares, a decrease of 59.3% from the June 30th total of 10,510 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 32,366 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Several analysts have commented on the company. Zacks Research lowered Persimmon from a “hold” rating to a “strong sell” rating in a report on Thursday, June 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of Persimmon in a research note on Tuesday, April 14th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Persimmon Price Performance

Shares of Persimmon stock opened at $29.30 on Monday. Persimmon has a twelve month low of $26.71 and a twelve month high of $41.84. The firm’s 50-day moving average price is $28.43 and its 200 day moving average price is $32.29.

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.