Pennon Group Plc (OTCMKTS:PEGRY) Sees Significant Increase in Short Interest

Pennon Group Plc (OTCMKTS:PEGRY) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 18,622 shares, a growth of 68.8% from the May 14th total of 11,033 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 9,891 shares, the days-to-cover ratio is presently 1.9 days.

Pennon Group Price Performance

Shares of OTCMKTS PEGRY traded down $0.19 during midday trading on Monday, hitting $12.54. 3,000 shares of the company’s stock were exchanged, compared to its average volume of 12,214. The stock’s 50 day moving average price is $14.16 and its 200-day moving average price is $14.45. The firm has a market cap of $2.96 billion and a P/E ratio of 22.31. Pennon Group has a twelve month low of $11.80 and a twelve month high of $16.35.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Pennon Group to a “hold” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Pennon Group Company Profile

Pennon Group (OTCMKTS:PEGRY) is a UK?based utilities and environmental services company that operates through two main businesses: South West Water and Viridor. The group provides water supply, wastewater treatment and collection services to residential, commercial and industrial customers in the South West of England. Its water division serves regional communities with drinking water production, network maintenance and sewage treatment, while ensuring compliance with regulatory standards for water quality and environmental protection.

South West Water, Pennon’s core water operations arm, manages water resources and distribution infrastructure across Cornwall, Devon and parts of Dorset and Somerset.