Pennon Group Plc (OTCMKTS:PEGRY) Short Interest Update

Pennon Group Plc (OTCMKTS:PEGRY) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totalling 49,400 shares, a growth of 138.6% from the July 15th total of 20,700 shares. Based on an average trading volume of 143,400 shares, the short-interest ratio is presently 0.3 days.

Pennon Group Price Performance

Shares of PEGRY traded up $0.39 during mid-day trading on Tuesday, hitting $15.31. 105,408 shares of the company’s stock were exchanged, compared to its average volume of 60,843. Pennon Group has a 52 week low of $13.37 and a 52 week high of $19.86. The company has a 50-day simple moving average of $15.70 and a 200 day simple moving average of $16.51.

Pennon Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, July 26th will be paid a $0.7198 dividend. This is a positive change from Pennon Group’s previous dividend of $0.31. The ex-dividend date of this dividend is Friday, July 26th. Pennon Group’s payout ratio is presently 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.