Persimmon Plc (OTCMKTS:PSMMY) Short Interest Update

Persimmon Plc (OTCMKTS:PSMMY) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 26 shares, a decrease of 88.3% from the February 12th total of 223 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 25,702 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 25,702 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PSMMY. Royal Bank Of Canada upgraded Persimmon from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 2nd. Citigroup reaffirmed a “buy” rating on shares of Persimmon in a research note on Wednesday, January 14th. Finally, The Goldman Sachs Group started coverage on shares of Persimmon in a research report on Monday, November 24th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Persimmon Trading Up 3.7%

Persimmon stock traded up $1.20 during mid-day trading on Tuesday, hitting $34.16. 19,994 shares of the company’s stock traded hands, compared to its average volume of 12,945. Persimmon has a fifty-two week low of $27.82 and a fifty-two week high of $41.84. The firm has a 50 day simple moving average of $38.57 and a two-hundred day simple moving average of $34.57.

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.