Pirelli & C. S.p.A. (OTCMKTS:PLLIF – Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 2,368,342 shares, a decrease of 36.2% from the June 30th total of 3,713,587 shares. Based on an average daily trading volume, of 378 shares, the days-to-cover ratio is presently 6,265.5 days.
Pirelli & C. Stock Performance
Pirelli & C. stock remained flat at $8.22 during mid-day trading on Thursday. The business’s fifty day moving average price is $7.44 and its 200 day moving average price is $7.21. Pirelli & C. has a 52 week low of $6.03 and a 52 week high of $8.22.
About Pirelli & C.
Pirelli & C. S.p.A. is an Italian multinational tyre manufacturer and one of the world’s leading suppliers of high-value tyres. Founded in Milan in 1872 by Giovanni Battista Pirelli, the company has built its reputation around premium performance, technological innovation and product design. Pirelli specialises in tyres for cars, motorcycles and bicycles as well as motorsport applications, including its longstanding role as the exclusive tyre supplier to the FIA Formula One World Championship since 2011.
Following its 2015 separation from the industrial conglomerate that bore its name, Pirelli today operates through a network of over 100 manufacturing facilities and more than 20 research and development centres worldwide.
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