Prysmian S.p.A. (OTCMKTS:PRYMY) Short Interest Up 19.1% in March

Prysmian S.p.A. (OTCMKTS:PRYMY) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 8,100 shares, an increase of 19.1% from the March 15th total of 6,800 shares. Based on an average daily volume of 278,800 shares, the days-to-cover ratio is presently 0.0 days.

Prysmian Stock Down 1.1 %

Shares of OTCMKTS PRYMY opened at $25.02 on Wednesday. The firm’s fifty day moving average is $29.08 and its 200 day moving average is $32.23. Prysmian has a 52 week low of $21.62 and a 52 week high of $38.06.

Prysmian Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 24th will be given a $0.2385 dividend. This is a boost from Prysmian’s previous dividend of $0.23. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a dividend yield of 0.92%. Prysmian’s payout ratio is presently 34.59%.

Prysmian Company Profile

Prysmian S.p.A., together with its subsidiaries, produces, distributes, and sells power and telecom cables and systems, and related accessories under the Prysmian, Draka, and General Cable brands worldwide. It operates through four segments: Renewable Transmission, Power Grid, Electrification, and Digital Solutions.