Prysmian S.p.A. (OTCMKTS:PRYMY) Stock Short Interest Falls 59.7%

Prysmian S.p.A. (OTCMKTS:PRYMY – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 18,956 shares, a decline of 59.7% from the August 31st total of 47,061 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 237,863 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PRYMY. Berenberg Bank raised Prysmian from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Zacks Research cut Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Barclays reaffirmed an “overweight” rating on shares of Prysmian in a research note on Friday, July 3rd. Oddo Bhf upgraded shares of Prysmian to an “outperform” rating in a report on Friday, September 4th. Finally, Sanford C. Bernstein downgraded shares of Prysmian from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Prysmian has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Report on Prysmian

Prysmian Price Performance

PRYMY traded up $0.97 during trading on Tuesday, reaching $71.10. 118,706 shares of the stock were exchanged, compared to its average volume of 93,688. Prysmian has a twelve month low of $45.72 and a twelve month high of $92.89. The stock’s 50 day moving average price is $71.21 and its two-hundred day moving average price is $74.05.

Prysmian Company Profile

(Get Free Report)

Prysmian S.p.A. is an Italian manufacturer of energy and telecommunications cable systems. The company develops, produces and supplies cables and related components used in power transmission and distribution, renewable energy projects, industrial applications, telecommunications networks, data centers, and infrastructure. Its offerings include high- and medium-voltage underground and submarine cables, optical-fiber and copper cables, connectivity solutions, and customized cable systems.

The company serves utilities, telecommunications operators, construction companies, industrial customers, and infrastructure developers.

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