Short Interest in Pennon Group Plc (OTCMKTS:PEGRY) Decreases By 40.6%

Pennon Group Plc (OTCMKTS:PEGRY) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 11,063 shares, a drop of 40.6% from the May 31st total of 18,622 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 8,756 shares, the days-to-cover ratio is presently 1.3 days.

Pennon Group Stock Up 2.8%

Shares of PEGRY stock traded up $0.34 on Thursday, reaching $12.69. The company had a trading volume of 6,940 shares, compared to its average volume of 14,957. The stock has a market capitalization of $2.99 billion and a PE ratio of 22.31. Pennon Group has a one year low of $11.80 and a one year high of $16.35. The business’s 50-day moving average is $13.54 and its 200 day moving average is $14.29.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Pennon Group to a “hold” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Pennon Group Company Profile

Pennon Group (OTCMKTS:PEGRY) is a UK?based utilities and environmental services company that operates through two main businesses: South West Water and Viridor. The group provides water supply, wastewater treatment and collection services to residential, commercial and industrial customers in the South West of England. Its water division serves regional communities with drinking water production, network maintenance and sewage treatment, while ensuring compliance with regulatory standards for water quality and environmental protection.

South West Water, Pennon’s core water operations arm, manages water resources and distribution infrastructure across Cornwall, Devon and parts of Dorset and Somerset.