Puma Se (OTCMKTS:PUMSY) Shares Shorted: Short Interest Down 58.0% in September

Puma Se (OTCMKTS:PUMSY) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 2,506 shares, a decrease of 58.0% from the September 15th total of 5,962 shares. Based on an average trading volume of 14,175 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PUMSY shares. Citigroup reaffirmed a “buy” rating on shares of Puma in a report on Monday, October 5th. HSBC raised shares of Puma to a “buy” rating in a research report on Tuesday, June 16th. Benchmark upgraded shares of Puma to a “hold” rating in a research note on Tuesday, September 22nd. Finally, Santander started coverage on shares of Puma in a report on Friday, June 26th. They issued a “neutral” rating for the company. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Puma Stock Performance

Puma stock opened at $2.56 on Wednesday. The business has a 50 day simple moving average of $2.70 and a 200-day simple moving average of $2.90. Puma has a 12 month low of $1.71 and a 12 month high of $3.46.

Puma Company Profile

PUMA SE is a German sporting goods company that designs, develops, markets and sells athletic and casual footwear, apparel and accessories. Its product portfolio serves a range of sports and lifestyle categories, including football, running, training, basketball, golf and motorsport, while also encompassing fashion-oriented products that combine athletic design with everyday wear.

The company sells its products under the PUMA brand through a combination of wholesale partners, company-operated and franchised stores, and digital commerce channels.