Persimmon Plc (OTCMKTS:PSMMY – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,388 shares, a growth of 108.0% from the September 15th total of 1,148 shares. Based on an average daily volume of 8,135 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.
Persimmon Price Performance
Shares of Persimmon stock opened at $32.23 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 4.21 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average is $31.57 and its 200 day moving average is $29.94. Persimmon has a 1 year low of $26.71 and a 1 year high of $41.84.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on PSMMY. Zacks Research raised Persimmon from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. UBS Group began coverage on Persimmon in a report on Wednesday, September 9th. They set a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded Persimmon from a “hold” rating to a “buy” rating in a research report on Friday, August 7th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Persimmon presently has a consensus rating of “Moderate Buy”.
About Persimmon
Persimmon plc is a United Kingdom-based housebuilding company that develops, constructs and sells residential properties. Its portfolio includes homes designed for first-time buyers, families and other owner-occupiers, ranging from apartments and smaller houses to larger family properties.
The company operates through several established brands, including Persimmon Homes, Charles Church and Westbury Partnerships. In addition to private-market housing, its activities include working with housing associations and other partners to provide affordable and social housing.
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