Prada S.p.A. (OTCMKTS:PRDSY – Get Free Report) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 5,200 shares, an increase of 92.6% from the November 30th total of 2,700 shares. Based on an average daily volume of 14,900 shares, the short-interest ratio is presently 0.3 days.
Prada Stock Up 2.8 %
Shares of OTCMKTS PRDSY traded up $0.45 during trading on Friday, reaching $16.65. 453 shares of the stock traded hands, compared to its average volume of 6,184. The company has a 50-day moving average of $14.98 and a 200-day moving average of $14.51. Prada has a 52-week low of $10.15 and a 52-week high of $17.05.
Wall Street Analysts Forecast Growth
Separately, Bank of America upgraded Prada from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 19th.
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.
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