Persimmon Plc (OTCMKTS:PSMMY) Sees Significant Drop in Short Interest

Persimmon Plc (OTCMKTS:PSMMY) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 7,200 shares, a decline of 28.7% from the January 31st total of 10,100 shares. Based on an average daily volume of 11,800 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Ratings Changes

PSMMY has been the subject of a number of research reports. Royal Bank of Canada cut Persimmon from a “hold” rating to a “strong sell” rating in a report on Monday, December 2nd. Citigroup upgraded shares of Persimmon from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 3rd.

Persimmon Stock Up 5.0 %

OTCMKTS:PSMMY traded up $1.43 on Monday, reaching $29.97. 40,433 shares of the stock traded hands, compared to its average volume of 12,773. Persimmon has a 12 month low of $25.47 and a 12 month high of $45.60. The company’s fifty day simple moving average is $30.01 and its 200 day simple moving average is $35.91.

About Persimmon

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.