Prysmian S.p.A. (OTCMKTS:PRYMY) Stock Short Interest Drops 85.6%

Prysmian S.p.A. (OTCMKTS:PRYMY) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 9,196 shares, a drop of 85.6% from the September 30th total of 64,043 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 155,683 shares, the days-to-cover ratio is currently 0.1 days.

Prysmian Trading Up 3.7%

Shares of OTCMKTS:PRYMY opened at $57.28 on Tuesday. The company’s fifty day moving average is $68.78 and its 200 day moving average is $69.58. Prysmian has a 52 week low of $45.72 and a 52 week high of $92.89.

Wall Street Analysts Forecast Growth

PRYMY has been the topic of a number of research reports. Zacks Research cut Prysmian from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. Berenberg Bank raised Prysmian from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Sanford C. Bernstein lowered Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Barclays reiterated an “overweight” rating on shares of Prysmian in a research report on Friday, July 3rd. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Prysmian in a research note on Sunday, October 11th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Prysmian has an average rating of “Moderate Buy”.

About Prysmian

Prysmian S.p.A. is an Italian manufacturer of cables and cable systems for the energy and telecommunications industries. The company supplies products used in power transmission and distribution, electrification, renewable energy, industrial applications, transportation, construction and data communications.

Its portfolio includes high- and medium-voltage cables, underground and submarine power cables, fiber-optic and copper telecommunications cables, specialty cables and related cable systems and services.