Prysmian S.p.A. (OTCMKTS:PRYMY) Stock Short Interest Falls 59.7%

Prysmian S.p.A. (OTCMKTS:PRYMY – Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 18,956 shares, a decrease of 59.7% from the August 31st total of 47,061 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 237,863 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Several research firms have recently weighed in on PRYMY. Oddo Bhf upgraded shares of Prysmian to an “outperform” rating in a research note on Friday, September 4th. Sanford C. Bernstein cut shares of Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Barclays reaffirmed an “overweight” rating on shares of Prysmian in a report on Friday, July 3rd. Zacks Research lowered shares of Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Finally, Berenberg Bank raised shares of Prysmian from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Report on PRYMY

Prysmian Price Performance

Shares of OTCMKTS:PRYMY opened at $71.10 on Wednesday. The company’s fifty day moving average price is $71.15 and its 200-day moving average price is $74.14. Prysmian has a one year low of $45.72 and a one year high of $92.89.

About Prysmian

(Get Free Report)

Prysmian S.p.A. is an Italian manufacturer of energy and telecommunications cable systems. The company develops, produces and supplies cables and related components used in power transmission and distribution, renewable energy projects, industrial applications, telecommunications networks, data centers, and infrastructure. Its offerings include high- and medium-voltage underground and submarine cables, optical-fiber and copper cables, connectivity solutions, and customized cable systems.

The company serves utilities, telecommunications operators, construction companies, industrial customers, and infrastructure developers.

Further Reading

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