Prysmian S.p.A. (OTCMKTS:PRYMY) Stock Short Interest Falls 85.6%

Prysmian S.p.A. (OTCMKTS:PRYMY) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 9,196 shares, a decrease of 85.6% from the September 30th total of 64,043 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 155,683 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

PRYMY has been the topic of a number of recent research reports. Zacks Research lowered Prysmian from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Oddo Bhf raised shares of Prysmian to an “outperform” rating in a research note on Friday, September 4th. Sanford C. Bernstein cut shares of Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Jefferies Financial Group reiterated a “buy” rating on shares of Prysmian in a report on Sunday, October 11th. Finally, Berenberg Bank raised shares of Prysmian from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Prysmian Stock Up 3.4%

OTCMKTS:PRYMY opened at $61.30 on Thursday. The stock’s 50-day simple moving average is $68.23 and its 200 day simple moving average is $69.66. Prysmian has a 52-week low of $45.72 and a 52-week high of $92.89.

Prysmian Company Profile

Prysmian S.p.A. is an Italian manufacturer of cables and cable systems for the energy and telecommunications industries. The company supplies products used in power transmission and distribution, electrification, renewable energy, industrial applications, transportation, construction and data communications.

Its portfolio includes high- and medium-voltage cables, underground and submarine power cables, fiber-optic and copper telecommunications cables, specialty cables and related cable systems and services.