Parsons

PSN

C. A. Parsons and Company was a British engineering firm which was once one of the largest employers on Tyneside. The company became Reyrolle Parsons in 1968, merged with Clarke Chapman to form Northern Engineering Industries in 1977, became part of Rolls-Royce plc in 1989, and still survives today as a division of Siemens.

Parsons has been a target of short sellers for a while. The current short interest of 5.11% is roughly at the average of the last 12 months (5.03%).