Persimmon Plc (OTCMKTS:PSMMY) Short Interest Up 903.3% in April

Persimmon Plc (OTCMKTS:PSMMY) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 612 shares, an increase of 903.3% from the April 15th total of 61 shares. Based on an average daily volume of 31,618 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Persimmon in a report on Tuesday, April 14th. Citigroup reaffirmed a “buy” rating on shares of Persimmon in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Persimmon Price Performance

OTCMKTS:PSMMY traded down $0.69 on Tuesday, hitting $29.25. The company had a trading volume of 5,264 shares, compared to its average volume of 16,822. The firm has a 50 day moving average of $31.21 and a two-hundred day moving average of $34.54. Persimmon has a 52 week low of $27.38 and a 52 week high of $41.84.

Persimmon Company Profile

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.