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

Prysmian S.p.A. (OTCMKTS:PRYMY) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 6,364 shares, a drop of 79.7% from the May 14th total of 31,305 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 199,341 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Citigroup reissued a “buy” rating on shares of Prysmian in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft raised Prysmian from a “hold” rating to a “buy” rating in a research report on Friday, May 8th. Zacks Research raised Prysmian from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. BNP Paribas Exane assumed coverage on Prysmian in a research report on Wednesday, May 6th. They set a “neutral” rating for the company. Finally, Berenberg Bank downgraded Prysmian from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Prysmian currently has an average rating of “Moderate Buy”.

Prysmian Price Performance

Shares of OTCMKTS:PRYMY traded up $6.89 during midday trading on Thursday, reaching $84.99. 82,390 shares of the company’s stock were exchanged, compared to its average volume of 95,096. The firm’s 50 day simple moving average is $78.28 and its two-hundred day simple moving average is $62.92. Prysmian has a fifty-two week low of $31.74 and a fifty-two week high of $92.89. The stock has a market cap of $51.31 billion and a price-to-earnings ratio of 133.61.

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.