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

Nexans S.A. (OTCMKTS:NXPRF) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 11,122 shares, an increase of 531.6% from the December 31st total of 1,761 shares. Based on an average trading volume of 22 shares, the days-to-cover ratio is currently 505.5 days. Based on an average trading volume of 22 shares, the days-to-cover ratio is currently 505.5 days.

Nexans Stock Up 8.5%

NXPRF stock traded up $12.28 during midday trading on Wednesday, reaching $156.28. The company had a trading volume of 157 shares, compared to its average volume of 339. The stock has a 50 day moving average price of $144.44 and a 200-day moving average price of $145.16. Nexans has a 1-year low of $83.10 and a 1-year high of $161.73.

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.