Nexans S.A. (OTCMKTS:NXPRF) Short Interest Update

Nexans S.A. (OTCMKTS:NXPRF) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 689 shares, an increase of 82.8% from the July 15th total of 377 shares. Based on an average daily volume of 385 shares, the short-interest ratio is currently 1.8 days.

Nexans Price Performance

OTCMKTS:NXPRF remained flat at $149.24 during mid-day trading on Tuesday. The business’s 50 day moving average is $162.80 and its 200-day moving average is $160.50. Nexans has a 52-week low of $136.79 and a 52-week high of $201.32.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NXPRF. Barclays reissued an “overweight” rating on shares of Nexans in a research report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nexans in a research note on Thursday, April 30th. Finally, BNP Paribas Exane assumed coverage on Nexans in a report on Wednesday, May 6th. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Nexans Company Profile

Nexans is a global leader in the design, manufacturing and distribution of cable and connectivity solutions. The company develops a broad portfolio of copper and optical‐fiber cables for power transmission, telecommunications and data networks, as well as specialty cables for transportation, industry and renewable energy applications. Its product range includes low-, medium- and high-voltage power cables, submarine cables for offshore wind and interconnections, building wires, and fiber-optic systems for high-speed communications.

Established in 2000 following a demerger from the cable activities of Alcatel, Nexans traces its origins to more than a century of technological innovation in wire and cable engineering.