Prada S.p.A. (OTCMKTS:PRDSY) Short Interest Up 182.7% in January

Prada S.p.A. (OTCMKTS:PRDSY) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 14,700 shares, a growth of 182.7% from the December 31st total of 5,200 shares. Based on an average trading volume of 21,900 shares, the days-to-cover ratio is presently 0.7 days.

Prada Stock Performance

Shares of PRDSY traded up $0.41 during mid-day trading on Friday, hitting $16.50. The stock had a trading volume of 1,487 shares, compared to its average volume of 6,610. Prada has a 52 week low of $12.02 and a 52 week high of $17.05. The business has a fifty day moving average price of $15.72 and a 200-day moving average price of $14.68.

Wall Street Analysts Forecast Growth

Separately, Bank of America raised Prada from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 19th.

About Prada

Prada S.p.A. designs, produces, and distributes leather goods, footwear, and ready to wear products worldwide. The company offers its products under the Prada, Miu Miu, Church’s, and Car Shoe brands. It operates in food sector under the Marchesi 1824 brand, as well as sailing races business under Luna Rossa brand name; eyewear and fragrances sector under licensing agreements; and engages in the real estate business.