Persimmon Plc (OTCMKTS:PSMMY) Sees Large Increase in Short Interest

Persimmon Plc (OTCMKTS:PSMMY - Get Free Report) saw a significant growth in short interest in August. As of August 15th, there was short interest totaling 11,300 shares, agrowthof32.9% from the July 31st total of 8,500 shares. Based on an average daily volume of 16,700 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 16,700 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PSMMY. Kepler Capital Markets upgraded Persimmon to a "strong-buy" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada upgraded Persimmon from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 9th. Finally, Citigroup reiterated a "buy" rating on shares of Persimmon in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

Persimmon Trading Up 1.1%

Shares of OTCMKTS:PSMMY opened at $30.03 on Tuesday. The stock has a fifty day simple moving average of $31.28 and a two-hundred day simple moving average of $32.75. Persimmon has a 12-month low of $25.47 and a 12-month high of $45.60.

Persimmon Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, July 28th. Stockholders of record on Monday, June 23rd were paid a $0.9997 dividend. This is an increase from Persimmon's previous dividend of $0.48. This represents a dividend yield of 394.0%. The ex-dividend date was Friday, June 20th.

Persimmon Company Profile

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.

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