Short Interest in Persimmon Plc (OTCMKTS:PSMMY) Decreases By 60.1%
by Teresa Graham · The Cerbat GemPersimmon Plc (OTCMKTS:PSMMY – Get Free Report) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,118 shares, a drop of 60.1% from the March 15th total of 2,799 shares. Based on an average daily volume of 31,382 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.
Persimmon Price Performance
OTCMKTS:PSMMY opened at $30.99 on Friday. The business’s 50-day simple moving average is $35.11 and its two-hundred day simple moving average is $34.68. Persimmon has a 52 week low of $27.82 and a 52 week high of $41.84.
Analysts Set New Price Targets
Separately, Citigroup reaffirmed a “buy” rating on shares of Persimmon in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat, Persimmon currently has a consensus rating of “Buy”.
View Our Latest Report on Persimmon
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.