Short Interest in Persimmon Plc (OTCMKTS:PSMMY) Increases By 32.9%

Key Points

• Short Interest Increase: Persimmon Plc experienced a 32.9% rise in short interest in August, bringing the total to 11,300 shares, with a current short-interest ratio of 0.7 days.
• Dividend Boost: The company declared a significant dividend of $0.9997 per share, which equates to a yield of 394.0%, up from the previous $0.48 dividend.
• Analyst Ratings: Persimmon has received a mix of ratings from analysts, with one strong buy, two buy, and one hold rating, reflecting a consensus rating of "Buy" from market analysts.

Persimmon Plc (OTCMKTS:PSMMY - Get Free Report) saw a large increase in short interest in August. As of August 15th, there was short interest totaling 11,300 shares, an increase of 32.9% from the July 31st total of 8,500 shares. Based on an average daily volume of 16,700 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 16,700 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PSMMY shares. Kepler Capital Markets upgraded Persimmon to a "strong-buy" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada upgraded Persimmon from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 9th. Finally, Citigroup restated a "buy" rating on shares of Persimmon in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Persimmon presently has an average rating of "Buy".

Persimmon Price Performance

OTCMKTS:PSMMY traded down $0.21 during trading hours on Friday, hitting $29.45. 6,457 shares of the company traded hands, compared to its average volume of 11,717. The firm's 50-day simple moving average is $30.88 and its 200-day simple moving average is $32.72. Persimmon has a one year low of $25.47 and a one year high of $45.60.

Persimmon Increases Dividend

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

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.