Persimmon Plc (OTCMKTS:PSMMY – Get Free Report) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 10,510 shares, an increase of 2,574.3% from the June 15th total of 393 shares. Based on an average daily trading volume, of 170,043 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.
Persimmon Stock Performance
Shares of OTCMKTS PSMMY traded down $0.02 during mid-day trading on Friday, reaching $27.75. The company’s stock had a trading volume of 5,777 shares, compared to its average volume of 75,886. Persimmon has a 52 week low of $26.71 and a 52 week high of $41.84. The stock has a fifty day moving average of $28.53 and a two-hundred day moving average of $32.85.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating on shares of Persimmon in a research note on Tuesday, April 14th. Zacks Research cut shares of Persimmon from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Persimmon has an average rating of “Moderate Buy”.
Persimmon Company Profile
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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