Pennon Group Plc (OTCMKTS:PEGRY) Sees Large Growth in Short Interest

Pennon Group Plc (OTCMKTS:PEGRY) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 26,400 shares, a growth of 21.7% from the March 15th total of 21,700 shares. Based on an average trading volume of 320,100 shares, the short-interest ratio is currently 0.1 days.

Pennon Group Price Performance

Shares of OTCMKTS PEGRY traded up $0.31 on Friday, reaching $13.06. 47,153 shares of the company’s stock traded hands, compared to its average volume of 122,308. The business’s 50 day simple moving average is $11.73 and its two-hundred day simple moving average is $13.49. Pennon Group has a 12 month low of $9.84 and a 12 month high of $18.45.

Pennon Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were given a dividend of $2.945 per share. This represents a yield of 27.17%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from Pennon Group’s previous dividend of $0.37. Pennon Group’s dividend payout ratio (DPR) is 29.39%.

About Pennon Group

Pennon Group Plc provides clean water and wastewater services in the United Kingdom. It provides water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; water-only services in the areas of Dorset, Hampshire, and Wiltshire; and water and wastewater retail services to non-household customers in Great Britain.