Short Interest in Persimmon Plc (OTCMKTS:PSMMY) Drops By 76.2%

Persimmon Plc (OTCMKTS:PSMMY) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 393 shares, a decline of 76.2% from the May 31st total of 1,652 shares. Based on an average daily volume of 315,924 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Persimmon Stock Performance

Shares of PSMMY stock opened at $29.10 on Friday. The firm’s 50 day moving average price is $29.00 and its 200-day moving average price is $33.36. Persimmon has a one year low of $26.88 and a one year high of $41.84.

Analysts Set New Price Targets

PSMMY has been the subject of a number of research analyst reports. Zacks Research cut Persimmon from a “hold” rating to a “strong sell” rating in a report on Thursday, June 18th. Morgan Stanley restated an “overweight” rating on shares of Persimmon in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Persimmon currently has a consensus rating of “Moderate Buy”.

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.