Nexans S.A. (OTCMKTS:NXPRF) Short Interest Up 72.2% in January

Nexans S.A. (OTCMKTS:NXPRF) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 19,152 shares, a growth of 72.2% from the January 15th total of 11,122 shares. Based on an average trading volume of 193 shares, the days-to-cover ratio is presently 99.2 days. Based on an average trading volume of 193 shares, the days-to-cover ratio is presently 99.2 days.

Nexans Stock Performance

Shares of NXPRF opened at $163.29 on Friday. The company’s fifty day moving average is $148.97 and its 200 day moving average is $148.22. Nexans has a fifty-two week low of $83.10 and a fifty-two week high of $171.77.

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.