Persimmon Plc (OTCMKTS:PSMMY) Sees Large Drop in Short Interest

Persimmon Plc (OTCMKTS:PSMMY – Get Free Report) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 393 shares, a decline of 76.2% from the May 31st total of 1,652 shares. Based on an average daily volume of 315,924 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PSMMY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Persimmon in a research note on Tuesday, April 14th. Zacks Research cut Persimmon from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

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Persimmon Trading Down 1.5%

OTCMKTS:PSMMY traded down $0.43 during trading hours on Monday, reaching $28.67. The company’s stock had a trading volume of 2,601 shares, compared to its average volume of 38,047. Persimmon has a one year low of $26.88 and a one year high of $41.84. The business’s 50-day moving average is $29.00 and its 200-day moving average is $33.35.

Persimmon Company Profile

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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.

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