Short Interest in Persimmon Plc (OTCMKTS:PSMMY) Increases By 1,956.5%

Persimmon Plc (OTCMKTS:PSMMY) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 47,300 shares, a growth of 1,956.5% from the February 28th total of 2,300 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 71,000 shares, the short-interest ratio is presently 0.7 days.

Persimmon Price Performance

Shares of PSMMY stock opened at $30.92 on Friday. The company’s fifty day simple moving average is $30.84 and its two-hundred day simple moving average is $34.29. Persimmon has a 1 year low of $25.47 and a 1 year high of $45.60.

Wall Street Analyst Weigh In

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

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.