Prada S.p.A. (OTCMKTS:PRDSF) Short Interest Update

Prada S.p.A. (OTCMKTS:PRDSF) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 45,500 shares, an increase of 47.2% from the February 13th total of 30,900 shares. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is currently 20.7 days.

Prada Stock Performance

Shares of OTCMKTS:PRDSF traded down $0.07 during mid-day trading on Friday, hitting $7.60. 940 shares of the company traded hands, compared to its average volume of 3,563. Prada has a 52-week low of $6.31 and a 52-week high of $9.32. The firm’s 50 day simple moving average is $8.18 and its 200 day simple moving average is $7.54.

About Prada

Prada S.p.A. designs, produces, and distributes leather goods, footwear, and ready to wear products worldwide. The company offers its products under the Prada, Miu Miu, Church’s, and Car Shoe brands. It operates in food sector under the Marchesi 1824 brand, as well as sailing races business under Luna Rossa brand name; eyewear and fragrances sector under licensing agreements; and engages in the real estate business.