Persimmon Plc (OTCMKTS:PSMMY) Short Interest Update

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

Analyst Upgrades and Downgrades

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

Persimmon Price Performance

Persimmon stock traded up $0.54 during trading on Thursday, reaching $38.22. The company had a trading volume of 4,130 shares, compared to its average volume of 24,519. The firm's 50-day simple moving average is $34.53 and its 200 day simple moving average is $31.96. Persimmon has a 1-year low of $25.47 and a 1-year high of $45.60.

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.