Pennon Group Plc (OTCMKTS:PEGRF) Short Interest Update

Pennon Group Plc (OTCMKTS:PEGRF) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,668,400 shares, an increase of 22.9% from the February 28th total of 1,357,900 shares. Based on an average daily trading volume, of 2,000 shares, the short-interest ratio is presently 834.2 days.

Pennon Group Stock Performance

Shares of OTCMKTS:PEGRF remained flat at $5.13 during trading on Tuesday. The firm has a 50 day moving average of $5.48 and a two-hundred day moving average of $6.63. Pennon Group has a 1 year low of $4.89 and a 1 year high of $9.48.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PEGRF shares. Citigroup upgraded Pennon Group from a “neutral” rating to a “buy” rating in a report on Monday, March 10th. Royal Bank of Canada upgraded shares of Pennon Group from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, February 4th.

Pennon Group Company Profile

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.