Persimmon Plc (OTCMKTS:PSMMY) Short Interest Up 87.4% in July

Persimmon Plc (OTCMKTS:PSMMY) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 8,013 shares, a growth of 87.4% from the July 15th total of 4,277 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 14,192 shares, the short-interest ratio is currently 0.6 days.

Persimmon Stock Performance

Shares of Persimmon stock traded down $0.52 on Monday, hitting $31.65. 1,000 shares of the company traded hands, compared to its average volume of 32,229. The firm’s 50-day simple moving average is $28.97 and its 200 day simple moving average is $31.57. Persimmon has a 12-month low of $26.71 and a 12-month high of $41.84.

Analysts Set New Price Targets

PSMMY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded Persimmon from a “hold” rating to a “buy” rating in a research report on Friday, August 7th. Zacks Research lowered Persimmon from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 18th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Persimmon presently has a consensus rating of “Moderate Buy”.

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.