Prada S.p.A. (OTCMKTS:PRDSF) Sees Large Increase in Short Interest

Prada S.p.A. (OTCMKTS:PRDSF) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 30,900 shares, an increase of 51.5% from the January 31st total of 20,400 shares. Based on an average daily volume of 7,000 shares, the days-to-cover ratio is presently 4.4 days.

Prada Trading Up 8.7 %

Prada stock traded up $0.72 during midday trading on Tuesday, reaching $8.96. 3,497 shares of the company’s stock were exchanged, compared to its average volume of 4,058. The stock’s 50-day simple moving average is $8.11 and its 200 day simple moving average is $7.45. Prada has a 52 week low of $6.31 and a 52 week high of $9.32.

Prada Company Profile

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.