Short Interest in Prysmian S.p.A. (OTCMKTS:PRYMY) Declines By 81.7%

Prysmian S.p.A. (OTCMKTS:PRYMY) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 3,199 shares, a decrease of 81.7% from the June 30th total of 17,522 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 129,769 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Prysmian from a “hold” rating to a “buy” rating in a report on Friday, May 8th. Citigroup restated a “buy” rating on shares of Prysmian in a research report on Thursday, May 7th. Zacks Research downgraded Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Barclays reaffirmed an “overweight” rating on shares of Prysmian in a research report on Friday, July 3rd. Finally, BNP Paribas Exane started coverage on Prysmian in a research note on Wednesday, May 6th. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Prysmian Stock Performance

Shares of PRYMY stock opened at $71.57 on Friday. The stock has a fifty day moving average price of $81.87 and a 200 day moving average price of $69.54. The stock has a market cap of $43.20 billion and a PE ratio of 133.61. Prysmian has a 1 year low of $38.12 and a 1 year high of $92.89.

About Prysmian

Prysmian Group is a leading global manufacturer of cables and systems for energy and telecoms, operating under the OTCMKTS ticker PRYMY. The company specializes in the design, production and distribution of high-technology cables that deliver power and data in a broad range of applications, from high-voltage subsea transmission to fiber-optic networks for telecommunications. Its core mission is to enable efficient energy transmission and advanced digital connectivity for utilities, industrial and infrastructure customers worldwide.

The group’s product portfolio spans power cables for high-voltage and extra-high-voltage transmission, medium- and low-voltage distribution cables, flexible industrial cables, and specialty cables for renewable energy installations.