Persimmon Plc (OTCMKTS:PSMMY) Short Interest Down 76.2% in June

Persimmon Plc (OTCMKTS:PSMMY) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 393 shares, a drop of 76.2% from the May 31st total of 1,652 shares. Based on an average daily trading volume, of 315,924 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PSMMY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Persimmon in a research report on Tuesday, April 14th. Zacks Research downgraded Persimmon from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Persimmon Price Performance

OTCMKTS PSMMY traded down $0.52 during trading hours on Friday, hitting $29.10. The company had a trading volume of 7,779 shares, compared to its average volume of 148,457. Persimmon has a fifty-two week low of $26.88 and a fifty-two week high of $41.84. The business has a fifty day simple moving average of $29.00 and a 200-day simple moving average of $33.36.

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.