Short Interest in Persimmon Plc (OTCMKTS:PSMMY) Drops By 59.3%

Persimmon Plc (OTCMKTS:PSMMY) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 4,277 shares, a drop of 59.3% from the June 30th total of 10,510 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 32,366 shares, the short-interest ratio is currently 0.1 days.

Persimmon Price Performance

Shares of OTCMKTS PSMMY opened at $29.30 on Monday. The company’s fifty day moving average price is $28.43 and its 200 day moving average price is $32.29. Persimmon has a 1 year low of $26.71 and a 1 year high of $41.84.

Analysts Set New Price Targets

A number of brokerages have recently commented on PSMMY. Morgan Stanley restated an “overweight” rating on shares of Persimmon in a research note on Tuesday, April 14th. Zacks Research cut Persimmon from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 18th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate 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.