Persimmon Plc (OTCMKTS:PSMMY) Sees Significant Drop in Short Interest

Persimmon Plc (OTCMKTS:PSMMY) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 6,000 shares, a decrease of 28.6% from the August 15th total of 8,400 shares. Based on an average daily trading volume, of 3,800 shares, the days-to-cover ratio is currently 1.6 days.

Persimmon Stock Performance

Shares of Persimmon stock traded up $0.94 on Monday, hitting $44.15. 8,334 shares of the company’s stock traded hands, compared to its average volume of 7,863. The firm’s 50-day moving average is $41.53 and its 200 day moving average is $37.19. Persimmon has a 52-week low of $23.04 and a 52-week high of $45.49.

Persimmon Company Profile

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.