Prada S.p.A. (OTCMKTS:PRDSY) Short Interest Up 87.5% in February

Prada S.p.A. (OTCMKTS:PRDSY) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 1,877 shares, a growth of 87.5% from the February 12th total of 1,001 shares. Based on an average daily trading volume, of 31,294 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 31,294 shares, the short-interest ratio is presently 0.1 days.

Prada Stock Performance

Shares of PRDSY remained flat at $10.07 during mid-day trading on Friday. The stock had a trading volume of 7,453 shares, compared to its average volume of 15,276. The firm’s 50 day moving average is $10.67 and its 200-day moving average is $11.39. Prada has a 1 year low of $9.81 and a 1 year high of $15.30.

Analyst Upgrades and Downgrades

Several research analysts have commented on PRDSY shares. UBS Group lowered shares of Prada from a “buy” rating to a “neutral” rating in a research note on Friday, November 28th. Barclays assumed coverage on shares of Prada in a research note on Tuesday, January 13th. They issued an “overweight” rating on the stock. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About Prada

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.