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

Persimmon Plc (OTCMKTS:PSMMY) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 8,013 shares, an increase of 87.4% from the July 15th total of 4,277 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 14,192 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PSMMY shares. Deutsche Bank Aktiengesellschaft raised shares of Persimmon from a “hold” rating to a “buy” rating in a report on Friday, August 7th. Zacks Research raised Persimmon from a “strong sell” rating to a “hold” rating in a research note on Friday. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Persimmon Stock Down 1.8%

PSMMY stock opened at $31.60 on Tuesday. Persimmon has a one year low of $26.71 and a one year high of $41.84. The firm has a 50-day moving average of $29.07 and a two-hundred day moving average of $31.52.

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.