Short Interest in Nexans S.A. (OTCMKTS:NXPRF) Rises By 20.0%

Nexans S.A. (OTCMKTS:NXPRF) saw a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 1,800 shares, a growth of 20.0% from the July 31st total of 1,500 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 18.0 days.

Nexans Price Performance

OTCMKTS NXPRF remained flat at $126.43 during midday trading on Friday. 25 shares of the company’s stock traded hands, compared to its average volume of 477. The stock has a fifty day moving average of $123.03 and a two-hundred day moving average of $111.53. Nexans has a 52 week low of $69.08 and a 52 week high of $139.50.

About Nexans

Nexans SA manufactures and sells cables in France, Canada, Norway, Germany, and internationally. It operates through Building & Territories, Generation & Transmission, Industry & Solutions, and Other Activities segments. The company offers cables for the energy distribution networks, as well as equipment cables for buildings.