Short Interest in Prada S.p.A. (OTCMKTS:PRDSY) Grows By 354.0%

Prada S.p.A. (OTCMKTS:PRDSY) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 50,898 shares, an increase of 354.0% from the January 15th total of 11,210 shares. Based on an average daily volume of 36,414 shares, the short-interest ratio is presently 1.4 days. Based on an average daily volume of 36,414 shares, the short-interest ratio is presently 1.4 days.

Prada Stock Down 0.2%

Shares of OTCMKTS:PRDSY traded down $0.02 on Thursday, reaching $10.62. 9,739 shares of the company traded hands, compared to its average volume of 16,527. Prada has a 52 week low of $10.00 and a 52 week high of $18.00. The business’s 50-day simple moving average is $11.07 and its 200 day simple moving average is $11.41.

Analysts Set New Price Targets

PRDSY has been the subject of a number of research analyst reports. Barclays started coverage on Prada in a research report on Tuesday, January 13th. They set an “overweight” rating for the company. UBS Group downgraded shares of Prada from a “buy” rating to a “neutral” rating in a report on Friday, November 28th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

About Prada

Prada S.p.A. is an Italian luxury fashion house renowned for its high-end leather goods, ready-to-wear collections and accessories. Founded in 1913 by Mario Prada in Milan, the company has built a reputation for craftsmanship and understated elegance. Its product portfolio spans handbags, small leather goods, footwear, eyewear and fragrances, all designed to reflect a blend of traditional techniques and contemporary sensibilities.

The company distributes its products through a network of directly operated boutiques, franchise stores and e-commerce platforms.