Prada S.p.A. (OTCMKTS:PRDSY) Sees Large Decrease in Short Interest

Prada S.p.A. (OTCMKTS:PRDSY) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 636 shares, a decrease of 72.6% from the September 30th total of 2,319 shares. Based on an average daily trading volume, of 13,641 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group assumed coverage on shares of Prada in a report on Sunday, October 4th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Prada Price Performance

OTCMKTS:PRDSY traded up $0.01 during trading hours on Wednesday, hitting $9.45. 4,418 shares of the company’s stock traded hands, compared to its average volume of 18,873. Prada has a 52 week low of $8.90 and a 52 week high of $12.80. The business’s fifty day simple moving average is $9.87 and its two-hundred day simple moving average is $10.01.

About Prada

Prada S.p.A. is an Italian luxury goods company founded in Milan in 1913 by Mario Prada. The group designs, manufactures and sells luxury apparel, leather goods, footwear and accessories, along with beauty products, fragrances and eyewear through licensing and brand partnerships.

Its principal brands include Prada and Miu Miu, as well as Church’s, Car Shoe and Marchesi 1824. The company serves customers worldwide through a network of directly operated stores, e-commerce platforms, selected wholesale partners and other distribution channels.

Prada Group is headquartered in Milan and has developed an international retail and manufacturing presence while retaining strong Italian design and craftsmanship roots.