Short Interest in Pennon Group Plc (OTCMKTS:PEGRF) Grows By 22.9%

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

Pennon Group Trading Up 9.2 %

OTCMKTS PEGRF traded up $0.53 during trading hours on Thursday, reaching $6.21. 189 shares of the company’s stock traded hands, compared to its average volume of 5,313. Pennon Group has a 52-week low of $4.89 and a 52-week high of $9.48. The firm has a 50-day simple moving average of $5.45 and a 200 day simple moving average of $6.61.

Analyst Upgrades and Downgrades

PEGRF has been the subject of a number of research analyst reports. Citigroup upgraded Pennon Group from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. Royal Bank of Canada raised Pennon Group from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, February 4th.

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.