Persimmon Plc (OTCMKTS:PSMMY) Sees Significant Growth in Short Interest

Persimmon Plc (OTCMKTS:PSMMY - Get Free Report) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 3,400 shares, an increase of 209.1% from the May 15th total of 1,100 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 7,400 shares, the days-to-cover ratio is currently 0.5 days.

Persimmon Stock Down 1.9%

Shares of Persimmon stock traded down $0.72 during trading on Friday, reaching $37.50. 4,110 shares of the company traded hands, compared to its average volume of 24,337. Persimmon has a 1-year low of $25.47 and a 1-year high of $45.60. The company has a 50 day moving average price of $34.72 and a 200-day moving average price of $32.00.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reaffirmed an "overweight" rating on shares of Persimmon in a research note on Tuesday, May 6th.

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.