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

Nexans S.A. (OTCMKTS:NXPRF) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 4,996 shares, an increase of 625.1% from the July 30th total of 689 shares. Based on an average trading volume of 29 shares, the short-interest ratio is presently 172.3 days.

Nexans Stock Performance

OTCMKTS:NXPRF remained flat at $159.30 during trading hours on Thursday. 300 shares of the company were exchanged, compared to its average volume of 608. Nexans has a 12-month low of $136.79 and a 12-month high of $201.32. The business has a 50 day moving average of $160.10 and a 200-day moving average of $160.56.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nexans in a research report on Thursday, April 30th. BNP Paribas Exane began coverage on Nexans in a research note on Wednesday, May 6th. They issued an “outperform” rating for the company. Finally, Barclays restated an “overweight” rating on shares of Nexans in a report on Friday, July 3rd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

About Nexans

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.