Short Interest in Prysmian S.p.A. (OTCMKTS:PRYMY) Declines By 81.7%

Prysmian S.p.A. (OTCMKTS:PRYMY) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 3,199 shares, a decrease of 81.7% from the June 30th total of 17,522 shares. Based on an average daily volume of 129,769 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PRYMY. BNP Paribas Exane began coverage on shares of Prysmian in a research note on Wednesday, May 6th. They set a “neutral” rating for the company. Citigroup reissued a “buy” rating on shares of Prysmian in a report on Thursday, May 7th. Barclays restated an “overweight” rating on shares of Prysmian in a research report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft raised Prysmian from a “hold” rating to a “buy” rating in a research note on Friday, May 8th. Finally, Zacks Research downgraded shares of Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Prysmian Stock Performance

Shares of PRYMY opened at $71.57 on Friday. Prysmian has a fifty-two week low of $38.12 and a fifty-two week high of $92.89. The company has a market capitalization of $43.20 billion and a PE ratio of 133.61. The stock has a fifty day moving average of $81.87 and a two-hundred day moving average of $69.54.

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.