Prysmian S.p.A. (OTCMKTS:PRYMY) Short Interest Update

Prysmian S.p.A. (OTCMKTS:PRYMY) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 17,430 shares, an increase of 173.9% from the May 31st total of 6,364 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 152,122 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

PRYMY has been the topic of several research reports. Zacks Research upgraded shares of Prysmian from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Citigroup reaffirmed a “buy” rating on shares of Prysmian in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft upgraded Prysmian from a “hold” rating to a “buy” rating in a report on Friday, May 8th. Finally, BNP Paribas Exane began coverage on Prysmian in a research note on Wednesday, May 6th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Prysmian currently has an average rating of “Moderate Buy”.

Prysmian Trading Down 0.1%

Prysmian stock traded down $0.05 during mid-day trading on Tuesday, hitting $83.59. 37,623 shares of the company’s stock were exchanged, compared to its average volume of 92,525. Prysmian has a 1-year low of $34.51 and a 1-year high of $92.89. The stock has a 50 day moving average of $83.08 and a two-hundred day moving average of $66.14. The stock has a market cap of $50.46 billion and a P/E ratio of 133.61.

About Prysmian

Prysmian Group is a leading global manufacturer of cables and systems for energy and telecoms, operating under the OTCMKTS ticker PRYMY. The company specializes in the design, production and distribution of high-technology cables that deliver power and data in a broad range of applications, from high-voltage subsea transmission to fiber-optic networks for telecommunications. Its core mission is to enable efficient energy transmission and advanced digital connectivity for utilities, industrial and infrastructure customers worldwide.

The group’s product portfolio spans power cables for high-voltage and extra-high-voltage transmission, medium- and low-voltage distribution cables, flexible industrial cables, and specialty cables for renewable energy installations.