Persimmon Plc (OTCMKTS:PSMMY) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 200 shares, a drop of 90.0% from the December 15th total of 2,000 shares. Based on an average daily trading volume, of 37,100 shares, the days-to-cover ratio is currently 0.0 days.
PSMMY has been the subject of several recent research reports. Simmons reissued a “buy” rating on shares of Persimmon in a research report on Friday, October 30th. ValuEngine cut Persimmon from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Persimmon in a research report on Monday, December 7th. Finally, Zacks Investment Research cut Persimmon from a “hold” rating to a “sell” rating in a research report on Tuesday.
OTCMKTS PSMMY traded down $4.49 during trading hours on Wednesday, hitting $72.80. 82,438 shares of the company traded hands, compared to its average volume of 27,667. Persimmon has a twelve month low of $33.72 and a twelve month high of $86.90. The stock has a market capitalization of $11.61 billion, a price-to-earnings ratio of 10.60 and a beta of 1.49. The business’s 50-day moving average is $75.29 and its 200-day moving average is $68.56.
Persimmon Company Profile
Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers apartments and family homes under the Persimmon Homes brand name; executive housing under the Charles Church brand; and social housing under the Westbury Partnerships brand name. It also provides broadband services.
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