Puma Se (OTCMKTS:PUMSY) Sees Significant Decline in Short Interest

Puma Se (OTCMKTS:PUMSY) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,296 shares, a decrease of 57.9% from the April 30th total of 3,082 shares. Based on an average trading volume of 32,490 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup reiterated a “neutral” rating on shares of Puma in a research report on Friday, April 10th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Puma Stock Down 4.2%

OTCMKTS PUMSY traded down $0.14 on Monday, hitting $3.19. 3,960 shares of the company were exchanged, compared to its average volume of 35,711. Puma has a 12 month low of $1.71 and a 12 month high of $3.46. The stock has a fifty day moving average of $2.85 and a 200-day moving average of $2.59.

About Puma

Puma SE (OTCMKTS:PUMSY) is a German multinational company that designs, develops, markets and sells athletic and casual footwear, apparel and accessories. Founded in 1948 by Rudolf Dassler in Herzogenaurach, Germany, Puma has grown into one of the world’s leading sportswear brands. The company’s product portfolio spans performance-driven footwear for running, football and training, as well as sport-inspired lifestyle shoes and apparel. Complementary offerings include teamwear, bags, socks, headwear and various sports equipment.

Puma distributes its products through a diversified network of retail channels, including direct-to-consumer stores, e-commerce platforms, wholesale partners and licensed distributors.