Prysmian S.p.A. (OTCMKTS:PRYMY) Short Interest Up 65.2% in August

Prysmian S.p.A. (OTCMKTS:PRYMY) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 8,877 shares, a growth of 65.2% from the July 30th total of 5,372 shares. Based on an average daily volume of 129,054 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PRYMY. Deutsche Bank Aktiengesellschaft upgraded shares of Prysmian from a “hold” rating to a “buy” rating in a report on Friday, May 8th. Zacks Research raised Prysmian from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Berenberg Bank raised Prysmian from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Citigroup restated a “buy” rating on shares of Prysmian in a report on Thursday, May 7th. Finally, BNP Paribas Exane started coverage on Prysmian in a research report on Wednesday, May 6th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Prysmian Price Performance

Shares of PRYMY opened at $69.99 on Tuesday. The firm has a 50 day moving average of $74.51 and a 200 day moving average of $72.35. Prysmian has a twelve month low of $42.85 and a twelve month high of $92.89.

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.