Puma Se (OTCMKTS:PUMSY) Short Interest Down 50.0% in May

Puma Se (OTCMKTS:PUMSY) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 648 shares, a drop of 50.0% from the May 14th total of 1,296 shares. Based on an average daily volume of 54,209 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Citigroup raised shares of Puma from a “neutral” rating to a “buy” rating in a report on Thursday, June 4th. Zacks Research upgraded shares of Puma to a “hold” rating in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Puma Stock Performance

Puma stock opened at $3.20 on Friday. Puma has a 52-week low of $1.71 and a 52-week high of $3.46. The firm has a 50 day moving average price of $2.97 and a two-hundred day moving average price of $2.67.

About Puma

Puma SE (OTCMKTS:PUMSY) is a German multinational company that designs, develops, markets and sells athletic and casual footwear, apparel and accessories. Founded in 1948 by Rudolf Dassler in Herzogenaurach, Germany, Puma has grown into one of the world’s leading sportswear brands. The company’s product portfolio spans performance-driven footwear for running, football and training, as well as sport-inspired lifestyle shoes and apparel. Complementary offerings include teamwear, bags, socks, headwear and various sports equipment.

Puma distributes its products through a diversified network of retail channels, including direct-to-consumer stores, e-commerce platforms, wholesale partners and licensed distributors.