Prada S.p.A. (OTCMKTS:PRDSY) Sees Large Decline in Short Interest

Prada S.p.A. (OTCMKTS:PRDSY) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 649 shares, a decrease of 89.5% from the November 30th total of 6,210 shares. Based on an average daily trading volume, of 22,897 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 22,897 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, UBS Group cut shares of Prada from a “buy” rating to a “neutral” rating in a research note on Friday, November 28th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Prada Trading Up 0.9%

OTCMKTS PRDSY opened at $11.69 on Thursday. The business’s fifty day simple moving average is $11.88 and its 200-day simple moving average is $11.83. Prada has a 52 week low of $10.12 and a 52 week high of $18.00.

Prada Company Profile

Prada S.p.A. is an Italian luxury fashion house renowned for its high-end leather goods, ready-to-wear collections and accessories. Founded in 1913 by Mario Prada in Milan, the company has built a reputation for craftsmanship and understated elegance. Its product portfolio spans handbags, small leather goods, footwear, eyewear and fragrances, all designed to reflect a blend of traditional techniques and contemporary sensibilities.

The company distributes its products through a network of directly operated boutiques, franchise stores and e-commerce platforms.