Pennon Group Plc (OTCMKTS:PEGRY – Get Free Report) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 2,571 shares, a drop of 80.0% from the June 30th total of 12,856 shares. Based on an average daily volume of 67,533 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.
Pennon Group Stock Down 4.8%
OTCMKTS:PEGRY opened at $12.40 on Friday. The firm has a market capitalization of $2.93 billion and a PE ratio of 22.31. Pennon Group has a 12-month low of $11.80 and a 12-month high of $16.35. The firm has a 50-day moving average price of $13.08 and a 200 day moving average price of $14.15.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded shares of Pennon Group to a “hold” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
About Pennon Group
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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