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

Prysmian S.p.A. (OTCMKTS:PRYMY) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 5,372 shares, a growth of 67.9% from the July 15th total of 3,199 shares. Based on an average daily volume of 260,664 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citigroup restated a “buy” rating on shares of Prysmian in a report on Thursday, May 7th. BNP Paribas Exane started coverage on Prysmian in a research report on Wednesday, May 6th. They set a “neutral” rating for the company. Sanford C. Bernstein lowered Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Zacks Research upgraded Prysmian from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft raised Prysmian from a “hold” rating to a “buy” rating in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Prysmian Stock Performance

PRYMY stock opened at $72.22 on Wednesday. Prysmian has a 52-week low of $42.46 and a 52-week high of $92.89. The company’s 50 day simple moving average is $76.85 and its 200-day simple moving average is $71.69.

Prysmian Company Profile

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.