Prada S.p.A. (OTCMKTS:PRDSF) Sees Significant Increase in Short Interest

Prada S.p.A. (OTCMKTS:PRDSF) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 40,700 shares, an increase of 96.6% from the March 15th total of 20,700 shares. Based on an average trading volume of 6,600 shares, the days-to-cover ratio is presently 6.2 days.

Prada Price Performance

OTCMKTS PRDSF remained flat at $6.05 during trading on Friday. 32 shares of the company’s stock were exchanged, compared to its average volume of 4,751. Prada has a 52-week low of $5.27 and a 52-week high of $9.32. The company has a 50 day moving average of $7.54 and a 200 day moving average of $7.51.

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.