Pennon Group Plc (OTCMKTS:PEGRY) Short Interest Update

Pennon Group Plc (OTCMKTS:PEGRY) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 18,622 shares, a growth of 68.8% from the May 14th total of 11,033 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,891 shares, the days-to-cover ratio is presently 1.9 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded Pennon Group to a “hold” rating in a report on Thursday, May 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat, Pennon Group presently has a consensus rating of “Hold”.

Pennon Group Price Performance

PEGRY stock remained flat at $12.54 during trading on Tuesday. 3,003 shares of the company traded hands, compared to its average volume of 12,216. The firm has a 50-day moving average of $14.12 and a 200 day moving average of $14.44. The stock has a market cap of $2.96 billion and a price-to-earnings ratio of 22.31. Pennon Group has a 52 week low of $11.80 and a 52 week high of $16.35.

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.