Nexans S.A. (OTCMKTS:NXPRF) Short Interest Up 271.7% in August

Nexans S.A. (OTCMKTS:NXPRF) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 18,571 shares, a growth of 271.7% from the August 15th total of 4,996 shares. Based on an average daily trading volume, of 102 shares, the short-interest ratio is presently 182.1 days.

Nexans Price Performance

Shares of OTCMKTS NXPRF remained flat at $164.42 during mid-day trading on Friday. 45 shares of the stock were exchanged, compared to its average volume of 584. The business has a fifty day moving average of $156.26 and a 200-day moving average of $160.42. Nexans has a 52-week low of $136.79 and a 52-week high of $201.32.

Analyst Ratings Changes

Separately, Barclays reiterated an “overweight” rating on shares of Nexans in a report on Friday, July 3rd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Nexans has an average rating of “Buy”.

Nexans Company Profile

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.