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

Persimmon Plc (OTCMKTS:PSMMY) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 676 shares, a growth of 309.7% from the December 15th total of 165 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 18,906 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 18,906 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Persimmon Stock Down 2.0%

Shares of PSMMY opened at $36.32 on Thursday. Persimmon has a 1-year low of $27.68 and a 1-year high of $38.84. The firm’s 50 day simple moving average is $35.08 and its 200 day simple moving average is $32.67.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PSMMY shares. The Goldman Sachs Group began coverage on Persimmon in a research report on Monday, November 24th. They set a “buy” rating on the stock. Citigroup reaffirmed a “buy” rating on shares of Persimmon in a research note on Wednesday. Finally, Royal Bank Of Canada upgraded shares of Persimmon from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

About Persimmon

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.