Short Interest in Persimmon Plc (OTCMKTS:PSMMY) Declines By 28.7%

Persimmon Plc (OTCMKTS:PSMMY) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 7,200 shares, a decrease of 28.7% from the January 31st total of 10,100 shares. Based on an average daily trading volume, of 11,800 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

A number of research firms recently commented on PSMMY. 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 shares of Persimmon from a “hold” rating to a “strong sell” rating in a research report on Monday, December 2nd.

Persimmon Stock Performance

Shares of PSMMY traded up $0.10 during trading hours on Wednesday, hitting $30.08. 18,264 shares of the company were exchanged, compared to its average volume of 13,651. Persimmon has a fifty-two week low of $25.47 and a fifty-two week high of $45.60. The firm’s fifty day moving average is $30.00 and its 200 day moving average is $35.72.

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.