Short Interest in Prada S.p.A. (OTCMKTS:PRDSF) Declines By 54.5%

Prada S.p.A. (OTCMKTS:PRDSF) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 20,700 shares, a decline of 54.5% from the February 28th total of 45,500 shares. Based on an average daily volume of 4,100 shares, the short-interest ratio is currently 5.0 days.

Prada Price Performance

OTCMKTS PRDSF traded down $0.04 on Friday, hitting $7.02. The stock had a trading volume of 1,625 shares, compared to its average volume of 4,340. The company’s 50-day moving average is $8.04 and its two-hundred day moving average is $7.55. Prada has a one year low of $6.31 and a one year high of $9.32.

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.