Short Interest in Prada S.p.A. (OTCMKTS:PRDSF) Declines By 19.4%

Prada S.p.A. (OTCMKTS:PRDSF) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 33,600 shares, a decline of 19.4% from the May 31st total of 41,700 shares. Based on an average daily volume of 7,100 shares, the short-interest ratio is presently 4.7 days.

Prada Price Performance

PRDSF stock remained flat at $7.40 during trading on Monday. 600 shares of the company’s stock were exchanged, compared to its average volume of 4,995. The stock has a 50-day simple moving average of $7.89 and a 200 day simple moving average of $7.08. Prada has a one year low of $5.11 and a one year high of $8.69.

About Prada

Prada S.p.A. designs, produces, and distributes leather goods, footwear, and ready to wear products worldwide. The company offers its products under the Prada, Miu Miu, Church's, and Car Shoe brands. It operates in food sector under the Marchesi 1824 brand, as well as sailing races business under Luna Rossa brand name; eyewear and fragrances sector under licensing agreements; and engages in the real estate business.