Pennon Group Plc (OTCMKTS:PEGRY – Get Free Report) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 11,063 shares, a decrease of 40.6% from the May 31st total of 18,622 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 8,756 shares, the short-interest ratio is currently 1.3 days.
Pennon Group Stock Performance
Pennon Group stock opened at $12.33 on Wednesday. Pennon Group has a 52 week low of $11.80 and a 52 week high of $16.35. The firm has a market capitalization of $2.91 billion and a PE ratio of 22.31. The business’s 50-day simple moving average is $13.59 and its 200-day simple moving average is $14.30.
Analyst Ratings Changes
Separately, Zacks Research raised shares of Pennon Group to a “hold” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.
Pennon Group Company Profile
Pennon Group (OTCMKTS:PEGRY) is a UK‐based utilities and environmental services company that operates through two main businesses: South West Water and Viridor. The group provides water supply, wastewater treatment and collection services to residential, commercial and industrial customers in the South West of England. Its water division serves regional communities with drinking water production, network maintenance and sewage treatment, while ensuring compliance with regulatory standards for water quality and environmental protection.
South West Water, Pennon’s core water operations arm, manages water resources and distribution infrastructure across Cornwall, Devon and parts of Dorset and Somerset.
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