Persimmon Plc (OTCMKTS:PSMMY – Get Free Report) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 26 shares, a drop of 96.2% from the December 31st total of 676 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,125 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 20,125 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.
Persimmon Stock Performance
OTCMKTS:PSMMY opened at $39.20 on Wednesday. Persimmon has a 52 week low of $27.82 and a 52 week high of $39.26. The stock’s fifty day moving average is $36.03 and its two-hundred day moving average is $32.91.
Analysts Set New Price Targets
PSMMY has been the subject of several research reports. Royal Bank Of Canada upgraded Persimmon from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. The Goldman Sachs Group assumed coverage on Persimmon in a research report on Monday, November 24th. They set a “buy” rating for the company. Finally, Citigroup restated a “buy” rating on shares of Persimmon in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.
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.
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