Persimmon Plc (OTCMKTS:PSMMY) Short Interest Up 205.9% in September

Key Points

• Persimmon Plc experienced a significant increase in short interest of 205.9% in September, reaching a total of 31,200 shares by the end of the month.
• Wall Street analysts have a positive outlook on Persimmon, with a consensus rating of "Buy", including a strong-buy rating from Kepler Capital Markets.
• In recent trading, Persimmon shares fell to $32.20, with a 1-year range between $25.47 and $44.09.

Persimmon Plc (OTCMKTS:PSMMY - Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 31,200 shares, an increase of 205.9% from the September 15th total of 10,200 shares. Based on an average trading volume of 24,700 shares, the short-interest ratio is currently 1.3 days. Based on an average trading volume of 24,700 shares, the short-interest ratio is currently 1.3 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Kepler Capital Markets raised shares of Persimmon to a "strong-buy" rating in a report on Wednesday, July 23rd. Citigroup restated a "buy" rating on shares of Persimmon in a research note on Thursday, August 14th. Finally, Royal Bank Of Canada raised Persimmon from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy".

Persimmon Stock Performance

Shares of OTCMKTS PSMMY traded down $0.51 during trading hours on Friday, hitting $32.20. 4,645 shares of the stock were exchanged, compared to its average volume of 12,610. The company's fifty day simple moving average is $30.35 and its two-hundred day simple moving average is $32.73. Persimmon has a 1-year low of $25.47 and a 1-year high of $44.09.

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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