Nexans S.A. (OTCMKTS:NXPRF) Sees Large Growth in Short Interest

Nexans S.A. (OTCMKTS:NXPRF) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 1,761 shares, a growth of 52.5% from the December 15th total of 1,155 shares. Based on an average daily trading volume, of 95 shares, the days-to-cover ratio is currently 18.5 days. Based on an average daily trading volume, of 95 shares, the days-to-cover ratio is currently 18.5 days.

Nexans Stock Performance

Shares of NXPRF stock traded down $0.75 on Friday, reaching $145.55. The company had a trading volume of 993 shares, compared to its average volume of 546. Nexans has a 12 month low of $83.10 and a 12 month high of $161.73. The company has a 50-day moving average of $143.85 and a 200-day moving average of $143.48.

About Nexans

Nexans is a global leader in the design, manufacturing and distribution of cable and connectivity solutions. The company develops a broad portfolio of copper and optical?fiber cables for power transmission, telecommunications and data networks, as well as specialty cables for transportation, industry and renewable energy applications. Its product range includes low-, medium- and high-voltage power cables, submarine cables for offshore wind and interconnections, building wires, and fiber-optic systems for high-speed communications.

Established in 2000 following a demerger from the cable activities of Alcatel, Nexans traces its origins to more than a century of technological innovation in wire and cable engineering.