Short Interest in Pennon Group Plc (OTCMKTS:PEGRF) Increases By 22.9%

Pennon Group Plc (OTCMKTS:PEGRF) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 1,668,400 shares, a growth of 22.9% from the February 28th total of 1,357,900 shares. Based on an average daily trading volume, of 2,000 shares, the short-interest ratio is currently 834.2 days.

Pennon Group Stock Up 10.8 %

Shares of Pennon Group stock opened at $5.68 on Wednesday. The company has a fifty day moving average price of $5.48 and a 200 day moving average price of $6.63. Pennon Group has a twelve month low of $4.89 and a twelve month high of $9.48.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Royal Bank of Canada upgraded Pennon Group from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, February 4th. Citigroup upgraded Pennon Group from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th.

About Pennon Group

Pennon Group Plc provides clean water and wastewater services in the United Kingdom. It provides water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; water-only services in the areas of Dorset, Hampshire, and Wiltshire; and water and wastewater retail services to non-household customers in Great Britain.