Puma Se (OTCMKTS:PUMSY) Short Interest Down 74.5% in December

Puma Se (OTCMKTS:PUMSY) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 30,125 shares, a decline of 74.5% from the November 30th total of 118,354 shares. Based on an average daily volume of 79,894 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 79,894 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Citigroup restated a “neutral” rating on shares of Puma in a research note on Thursday, December 11th. UBS Group upgraded shares of Puma to a “neutral” rating in a research report on Monday, September 1st. BNP Paribas raised shares of Puma from an “underperform” rating to a “neutral” rating in a report on Tuesday, September 30th. Finally, Sanford C. Bernstein began coverage on shares of Puma in a report on Thursday, September 11th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Puma Stock Performance

PUMSY stock opened at $2.48 on Thursday. The company’s 50 day moving average is $2.20 and its 200 day moving average is $2.32. Puma has a 1-year low of $1.71 and a 1-year high of $4.75.

Puma Company Profile

Puma SE (OTCMKTS:PUMSY) is a German multinational company that designs, develops, markets and sells athletic and casual footwear, apparel and accessories. Founded in 1948 by Rudolf Dassler in Herzogenaurach, Germany, Puma has grown into one of the world’s leading sportswear brands. The company’s product portfolio spans performance-driven footwear for running, football and training, as well as sport-inspired lifestyle shoes and apparel. Complementary offerings include teamwear, bags, socks, headwear and various sports equipment.

Puma distributes its products through a diversified network of retail channels, including direct-to-consumer stores, e-commerce platforms, wholesale partners and licensed distributors.