Persimmon Plc (OTCMKTS:PSMMY) Shares Shorted: Short Interest Down 81.9% in September

Persimmon Plc (OTCMKTS:PSMMY) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 1,148 shares, a decrease of 81.9% from the August 31st total of 6,335 shares. Based on an average trading volume of 6,833 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Several brokerages recently weighed in on PSMMY. Zacks Research upgraded Persimmon from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft upgraded Persimmon from a “hold” rating to a “buy” rating in a research report on Friday, August 7th. Finally, UBS Group assumed coverage on Persimmon in a report on Wednesday, September 9th. They issued a “buy” rating on the stock. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Persimmon presently has a consensus rating of “Moderate Buy”.

Persimmon Stock Performance

Shares of OTCMKTS:PSMMY traded up $0.20 during trading on Friday, reaching $30.70. The stock had a trading volume of 2,743 shares, compared to its average volume of 3,653. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.31 and a current ratio of 4.21. The business has a fifty day moving average price of $30.68 and a 200-day moving average price of $29.82. Persimmon has a 1-year low of $26.71 and a 1-year high of $41.84.

Persimmon Company Profile

Persimmon plc is a United Kingdom-based housebuilder that develops and sells new homes for private buyers, first-time purchasers and affordable-housing customers. Its operations include land acquisition, residential planning, construction and home sales, as well as customer support following completion.

The company markets homes primarily through the Persimmon Homes, Charles Church and Westbury Partnerships brands. Its developments range from entry-level and family housing to larger, higher-specification properties, while Westbury Partnerships works with housing associations and other organizations to deliver affordable homes.

Persimmon traces its origins to 1972 and serves communities across England, Scotland and Wales through a network of regional operating businesses.