Short Interest in Persimmon Plc (OTCMKTS:PSMMY) Expands By 302.8%

Persimmon Plc (OTCMKTS:PSMMY) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 2,465 shares, a growth of 302.8% from the April 30th total of 612 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 25,521 shares, the short-interest ratio is currently 0.1 days.

Persimmon Price Performance

Shares of OTCMKTS:PSMMY opened at $29.87 on Friday. The stock’s 50-day simple moving average is $29.65 and its two-hundred day simple moving average is $34.16. Persimmon has a 52-week low of $27.33 and a 52-week high of $41.84.

Analyst Ratings Changes

Separately, Morgan Stanley reissued an “overweight” rating on shares of Persimmon in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy”.

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.