Prada S.p.A. (OTCMKTS:PRDSF) Short Interest Down 46.7% in May

Prada S.p.A. (OTCMKTS:PRDSF) saw a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 58,600 shares, a drop of 46.7% from the May 15th total of 110,000 shares. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is presently 32.6 days.

Prada Stock Performance

Shares of OTCMKTS PRDSF traded down $0.12 during midday trading on Tuesday, hitting $6.06. The stock had a trading volume of 150,500 shares, compared to its average volume of 6,208. Prada has a 1-year low of $5.27 and a 1-year high of $9.32. The company has a fifty day moving average price of $6.31 and a 200 day moving average price of $7.29.

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.