Pennon Group Plc (OTCMKTS:PEGRF) Sees Significant Increase in Short Interest

( ) saw a notable increase in short interest for the month of July. On June 30, there were 326,200 shorted shares. This is a 697.6% increase from June 15th's total of only 40,900. The short-interest rate is 466.0 days based on an average daily share volume of 700.

Changes in Analyst Ratings

PEGRF has been the subject of recent reports from several brokerages. JPMorgan Chase & Co. reduced their target price for shares of Pennon Group in a Friday, June 9th report from GBX 950 ($11.96), to GBX 850. Morgan Stanley downgraded Pennon Group's rating from 'overweight to equal weight' in a report published on Tuesday, 4th April. The price stayed flat at $9.06 in the trading hours of Friday. Pennon Group's 1 year low is $8.25, and its 1 year high is $12.57. The company has a moving average of $9.68 for the last 50 days and $10.24 for the past 200 days.

Pennon Group

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Pennon Group Plc offers clean water and wastewater service in the United Kingdom. Pennon Group Plc provides clean water and waste water services in the United Kingdom. offers a FREE daily email newsletter