Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) Short Interest Down 44.5% in May

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 1,140,292 shares, a drop of 44.5% from the April 30th total of 2,054,030 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,041,443 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Ratings Changes

PROSY has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on Prosus in a report on Thursday. They set a “neutral” rating on the stock. Zacks Research raised Prosus from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Prosus Price Performance

Shares of OTCMKTS:PROSY opened at $9.28 on Thursday. The company has a quick ratio of 3.62, a current ratio of 3.66 and a debt-to-equity ratio of 0.30. Prosus has a 12-month low of $8.79 and a 12-month high of $14.70. The business has a fifty day simple moving average of $9.48 and a 200 day simple moving average of $10.86.

About Prosus

Prosus is a global consumer internet group and investment company that focuses on creating and scaling technology businesses across classifieds, food delivery, payments and fintech, education, and e?commerce. Formed as a publicly listed entity in 2019 out of the broader Naspers organization, Prosus combines operating platforms with long?term strategic equity investments in digital companies, seeking to capture growth in online consumer services and financial technology.

The company’s portfolio includes a mix of majority?owned operating businesses and minority stakes in high?growth internet companies.