Short Interest in Prada S.p.A. (OTCMKTS:PRDSY) Declines By 63.6%

Prada S.p.A. (OTCMKTS:PRDSY) saw a large decrease in short interest in January. As of January 15th, there was short interest totaling 11,210 shares, a decrease of 63.6% from the December 31st total of 30,765 shares. Based on an average daily volume of 28,665 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 28,665 shares, the short-interest ratio is currently 0.4 days.

Prada Price Performance

PRDSY opened at $10.76 on Wednesday. Prada has a 1 year low of $10.12 and a 1 year high of $18.00. The firm has a 50 day moving average price of $11.38 and a 200 day moving average price of $11.58.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PRDSY shares. Barclays assumed coverage on shares of Prada in a report on Tuesday, January 13th. They set an “overweight” rating for the company. UBS Group cut shares of Prada from a “buy” rating to a “neutral” rating in a research note on Friday, November 28th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Prada Company Profile

Prada S.p.A. is an Italian luxury fashion house renowned for its high-end leather goods, ready-to-wear collections and accessories. Founded in 1913 by Mario Prada in Milan, the company has built a reputation for craftsmanship and understated elegance. Its product portfolio spans handbags, small leather goods, footwear, eyewear and fragrances, all designed to reflect a blend of traditional techniques and contemporary sensibilities.

The company distributes its products through a network of directly operated boutiques, franchise stores and e-commerce platforms.