Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

Short interest in Pennon Group surges to 15% of free float

Bloomberg ·
Short interest in Pennon Group surges to 15% of free float
  • Short interest in Pennon Group Plc, owner of South West Water, rose to roughly 15% of free float from roughly 6% in May, according to S3 data.
  • Bets against United Utilities Group Plc and Severn Trent Plc increased to around 3.5% and 4.1%, respectively.
  • Traders cite the threat of nationalization and higher interest rates as weighing on UK water stocks.

Sources