Short Interest in Persimmon Plc (OTCMKTS:PSMMY) Grows By 1,956.5%

Persimmon Plc (OTCMKTS:PSMMY) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 47,300 shares, a growth of 1,956.5% from the February 28th total of 2,300 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 71,000 shares, the short-interest ratio is presently 0.7 days.

Persimmon Price Performance

Shares of Persimmon stock traded down $0.06 during midday trading on Thursday, reaching $31.32. The company had a trading volume of 156,104 shares, compared to its average volume of 27,312. The stock has a fifty day moving average price of $30.81 and a 200 day moving average price of $34.31. Persimmon has a fifty-two week low of $25.47 and a fifty-two week high of $45.60.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Citigroup upgraded Persimmon from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada cut shares of Persimmon from a “hold” rating to a “strong sell” rating in a research note 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.