Persimmon Plc (OTCMKTS:PSMMY) Short Interest Up 87.4% in July

Persimmon Plc (OTCMKTS:PSMMY) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 8,013 shares, a growth of 87.4% from the July 15th total of 4,277 shares. Based on an average trading volume of 14,192 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

PSMMY has been the subject of several research analyst reports. Zacks Research lowered shares of Persimmon from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft raised Persimmon from a “hold” rating to a “buy” rating in a research report on Friday, August 7th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Persimmon has an average rating of “Moderate Buy”.

Persimmon Stock Down 0.6%

Shares of OTCMKTS PSMMY opened at $32.17 on Friday. Persimmon has a 1 year low of $26.71 and a 1 year high of $41.84. The business has a 50-day moving average of $28.97 and a two-hundred day moving average of $31.62.

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.