Persimmon Plc (OTCMKTS:PSMMY) Short Interest Down 68.1% in February

Persimmon Plc (OTCMKTS:PSMMY) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 2,300 shares, a decrease of 68.1% from the February 13th total of 7,200 shares. Based on an average daily volume of 18,500 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Several brokerages have commented on PSMMY. Royal Bank of Canada downgraded shares of Persimmon from a “hold” rating to a “strong sell” rating in a research note on Monday, December 2nd. Citigroup upgraded shares of Persimmon from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 3rd.

Persimmon Trading Up 0.6 %

Persimmon stock opened at $30.94 on Friday. Persimmon has a twelve month low of $25.47 and a twelve month high of $45.60. The company has a 50 day moving average of $30.10 and a 200-day moving average of $35.14.

Persimmon Company Profile

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.