Short Interest in Pennon Group Plc (OTCMKTS:PEGRY) Decreases By 53.3%

Pennon Group Plc (OTCMKTS:PEGRY) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 11,033 shares, a drop of 53.3% from the April 30th total of 23,617 shares. Based on an average daily volume of 20,152 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Zacks Research upgraded Pennon Group to a “hold” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Pennon Group has a consensus rating of “Hold”.

Pennon Group Stock Down 1.1%

Shares of Pennon Group stock traded down $0.15 during trading on Friday, reaching $13.83. The company’s stock had a trading volume of 2,195 shares, compared to its average volume of 13,077. Pennon Group has a 12-month low of $11.80 and a 12-month high of $16.35. The company has a market capitalization of $3.26 billion and a P/E ratio of 22.31. The business has a 50 day moving average price of $14.24 and a 200-day moving average price of $14.43.

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.