Persimmon Plc (OTCMKTS:PSMMY) Short Interest Down 40.9% in January

Persimmon Plc (OTCMKTS:PSMMY) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 10,100 shares, a decrease of 40.9% from the January 15th total of 17,100 shares. Based on an average trading volume of 23,500 shares, the short-interest ratio is currently 0.4 days.

Persimmon Stock Performance

Shares of PSMMY traded down $0.05 during mid-day trading on Thursday, reaching $30.65. 6,755 shares of the company’s stock traded hands, compared to its average volume of 14,696. The business’s 50-day moving average price is $30.30 and its 200-day moving average price is $36.80. Persimmon has a 12 month low of $25.47 and a 12 month high of $45.60.

Analyst Ratings Changes

Several equities analysts have recently commented on PSMMY shares. Citigroup raised shares of Persimmon from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada downgraded Persimmon from a “hold” rating to a “strong sell” rating in a report on Monday, December 2nd.

About Persimmon

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.