Persimmon Plc (OTCMKTS:PSMMY) Sees Significant Growth in Short Interest

Persimmon Plc (OTCMKTS:PSMMY) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,388 shares, a growth of 108.0% from the September 15th total of 1,148 shares. Based on an average trading volume of 8,135 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Several brokerages recently weighed in on PSMMY. Deutsche Bank Aktiengesellschaft raised shares of Persimmon from a “hold” rating to a “buy” rating in a research report on Friday, August 7th. UBS Group started coverage on shares of Persimmon in a report on Wednesday, September 9th. They set a “buy” rating for the company. Finally, Zacks Research upgraded shares of Persimmon from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Persimmon Price Performance

Shares of OTCMKTS PSMMY opened at $33.00 on Thursday. Persimmon has a 52-week low of $26.71 and a 52-week high of $41.84. The business has a fifty day moving average of $31.62 and a two-hundred day moving average of $29.96. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.21 and a quick ratio of 0.34.

Persimmon Company Profile

Persimmon plc is a United Kingdom-based housebuilding company that develops, constructs and sells residential properties. Its portfolio includes homes designed for first-time buyers, families and other owner-occupiers, ranging from apartments and smaller houses to larger family properties.

The company operates through several established brands, including Persimmon Homes, Charles Church and Westbury Partnerships. In addition to private-market housing, its activities include working with housing associations and other partners to provide affordable and social housing.