Short Interest in Nexans S.A. (OTCMKTS:NXPRF) Decreases By 77.1%

Nexans S.A. (OTCMKTS:NXPRF) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 1,245 shares, a decline of 77.1% from the November 30th total of 5,446 shares. Based on an average trading volume of 348 shares, the days-to-cover ratio is currently 3.6 days. Based on an average trading volume of 348 shares, the days-to-cover ratio is currently 3.6 days.

Nexans Stock Performance

OTCMKTS:NXPRF remained flat at $144.38 during trading hours on Thursday. The business’s 50 day moving average price is $142.43 and its two-hundred day moving average price is $140.45. Nexans has a twelve month low of $83.10 and a twelve month high of $161.73.

About Nexans

Nexans is a global leader in the design, manufacturing and distribution of cable and connectivity solutions. The company develops a broad portfolio of copper and optical‐fiber cables for power transmission, telecommunications and data networks, as well as specialty cables for transportation, industry and renewable energy applications. Its product range includes low-, medium- and high-voltage power cables, submarine cables for offshore wind and interconnections, building wires, and fiber-optic systems for high-speed communications.

Established in 2000 following a demerger from the cable activities of Alcatel, Nexans traces its origins to more than a century of technological innovation in wire and cable engineering.