Persimmon Plc (OTCMKTS:PSMMY) Short Interest Update

Persimmon Plc (OTCMKTS:PSMMY) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 393 shares, a drop of 76.2% from the May 31st total of 1,652 shares. Based on an average daily trading volume, of 315,924 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Zacks Research lowered Persimmon from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 18th. Morgan Stanley reiterated an “overweight” rating on shares of Persimmon in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Persimmon presently has a consensus rating of “Moderate Buy”.

Persimmon Trading Down 1.8%

OTCMKTS:PSMMY opened at $29.10 on Friday. The company’s 50-day moving average is $29.00 and its two-hundred day moving average is $33.36. Persimmon has a 1-year low of $26.88 and a 1-year high of $41.84.

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.