Short Interest in Persimmon Plc (OTCMKTS:PSMMY) Decreases By 60.1%

Key Points

• Short interest fell 60.1% — short interest declined to 1,118 shares as of March 31 from 2,799 on March 15, equating to a 0.0 days short-interest ratio based on average daily volume of 31,382 and effectively 0.0% of shares short sold.
• Analyst sentiment is positive — Citigroup reissued a "buy" on January 14, and the consensus from five analysts is a "Buy" (one Strong Buy, four Buy).
• Current trading range and technicals — shares opened at $30.99, with a 52-week range of $27.82–$41.84 and 50‑ and 200‑day moving averages of $35.11 and $34.68, respectively.

Persimmon Plc (OTCMKTS:PSMMY - Get Free Report) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 1,118 shares, a drop of 60.1% from the March 15th total of 2,799 shares. Based on an average daily volume of 31,382 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company's stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Citigroup reissued a "buy" rating on shares of Persimmon in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat.com, Persimmon currently has a consensus rating of "Buy".

Persimmon Stock Down 0.5%

Shares of Persimmon stock opened at $30.99 on Friday. Persimmon has a one year low of $27.82 and a one year high of $41.84. The stock's fifty day moving average is $35.11 and its 200 day moving average is $34.68.

About Persimmon

Persimmon plc OTCMKTS: PSMMY is a leading United Kingdom–based residential property developer primarily engaged in the design, construction and sale of new homes. The company's product range spans starter homes for first-time buyers, family houses and executive properties, addressing a broad spectrum of customer needs. Persimmon also offers warranty and after-sales services through its in-house customer care teams, ensuring ongoing support for homeowners.

Founded in 1972 and headquartered in York, North Yorkshire, Persimmon has grown from a regional builder into one of the UK's most prolific housebuilders.

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