Prysmian S.p.A. (OTCMKTS:PRYMY) Short Interest Update

Prysmian S.p.A. (OTCMKTS:PRYMY) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 8,877 shares, an increase of 65.2% from the July 30th total of 5,372 shares. Based on an average trading volume of 129,054 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Prysmian Stock Performance

OTCMKTS:PRYMY traded down $0.75 on Monday, reaching $69.99. 62,195 shares of the stock traded hands, compared to its average volume of 92,958. The company’s 50 day moving average is $74.87 and its 200-day moving average is $72.29. Prysmian has a 1-year low of $42.85 and a 1-year high of $92.89.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Prysmian from a “hold” rating to a “buy” rating in a research report on Friday, May 8th. Citigroup reiterated a “buy” rating on shares of Prysmian in a research report on Thursday, May 7th. Zacks Research raised Prysmian from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. BNP Paribas Exane assumed coverage on Prysmian in a report on Wednesday, May 6th. They set a “neutral” rating on the stock. Finally, Berenberg Bank raised Prysmian from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

About Prysmian

Prysmian Group is a leading global manufacturer of cables and systems for energy and telecoms, operating under the OTCMKTS ticker PRYMY. The company specializes in the design, production and distribution of high-technology cables that deliver power and data in a broad range of applications, from high-voltage subsea transmission to fiber-optic networks for telecommunications. Its core mission is to enable efficient energy transmission and advanced digital connectivity for utilities, industrial and infrastructure customers worldwide.

The group’s product portfolio spans power cables for high-voltage and extra-high-voltage transmission, medium- and low-voltage distribution cables, flexible industrial cables, and specialty cables for renewable energy installations.