Nexans S.A. (OTCMKTS:NXPRF) Short Interest Down 37.8% in January

Nexans S.A. (OTCMKTS:NXPRF) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 2,300 shares, a drop of 37.8% from the December 31st total of 3,700 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 23.0 days.

Nexans Price Performance

OTCMKTS:NXPRF remained flat at $96.77 during trading hours on Wednesday. Nexans has a 1-year low of $87.15 and a 1-year high of $147.60. The company’s fifty day simple moving average is $107.81 and its 200 day simple moving average is $123.48.

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.