Short Interest in Pennon Group Plc (OTCMKTS:PEGRY) Decreases By 53.3%

Pennon Group Plc (OTCMKTS:PEGRY) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 11,033 shares, a decline of 53.3% from the April 30th total of 23,617 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,152 shares, the short-interest ratio is currently 0.5 days.

Pennon Group Price Performance

Shares of OTCMKTS PEGRY traded down $0.15 on Friday, hitting $13.83. The company’s stock had a trading volume of 2,195 shares, compared to its average volume of 13,077. Pennon Group has a 12-month low of $11.80 and a 12-month high of $16.35. The company has a market capitalization of $3.26 billion and a price-to-earnings ratio of 22.31. The stock has a 50 day moving average of $14.24 and a 200-day moving average of $14.43.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Pennon Group to a “hold” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently 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.