Nexans S.A. (OTCMKTS:NXPRF) Short Interest Update

Nexans S.A. (OTCMKTS:NXPRF) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 689 shares, an increase of 82.8% from the July 15th total of 377 shares. Based on an average daily volume of 385 shares, the days-to-cover ratio is presently 1.8 days.

Nexans Stock Performance

Shares of NXPRF stock opened at $149.24 on Friday. The stock has a 50 day simple moving average of $163.71 and a two-hundred day simple moving average of $160.43. Nexans has a fifty-two week low of $136.79 and a fifty-two week high of $201.32.

Analysts Set New Price Targets

A number of research firms have recently commented on NXPRF. BNP Paribas Exane began coverage on shares of Nexans in a research note on Wednesday, May 6th. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nexans in a report on Thursday, April 30th. Finally, Barclays reaffirmed an “overweight” rating on shares of Nexans in a research report on Friday, July 3rd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Nexans presently has an average rating of “Buy”.

About Nexans

Nexans is a global leader in the design, manufacturing and distribution of cable and connectivity solutions. The company develops a broad portfolio of copper and optical‐fiber cables for power transmission, telecommunications and data networks, as well as specialty cables for transportation, industry and renewable energy applications. Its product range includes low-, medium- and high-voltage power cables, submarine cables for offshore wind and interconnections, building wires, and fiber-optic systems for high-speed communications.

Established in 2000 following a demerger from the cable activities of Alcatel, Nexans traces its origins to more than a century of technological innovation in wire and cable engineering.