Prysmian S.p.A. (OTCMKTS:PRYMY) Sees Large Drop in Short Interest

Prysmian S.p.A. (OTCMKTS:PRYMY) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 14,000 shares, a drop of 25.9% from the January 31st total of 18,900 shares. Based on an average daily volume of 66,100 shares, the short-interest ratio is currently 0.2 days.

Prysmian Stock Performance

PRYMY stock traded down $0.62 during midday trading on Tuesday, hitting $29.16. The company had a trading volume of 119,248 shares, compared to its average volume of 112,744. The stock’s 50 day moving average price is $33.74 and its 200 day moving average price is $34.15. Prysmian has a 52 week low of $24.97 and a 52 week high of $38.06.

About Prysmian

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.