Nexans S.A. (OTCMKTS:NXPRF) Sees Significant Increase in Short Interest

Nexans S.A. (OTCMKTS:NXPRF) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 34,677 shares, an increase of 86.7% from the August 31st total of 18,571 shares. Based on an average daily trading volume, of 161 shares, the short-interest ratio is presently 215.4 days.

Analyst Ratings Changes

Separately, Barclays restated an “overweight” rating on shares of Nexans in a research note on Friday, July 3rd. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

Nexans Stock Performance

Shares of NXPRF traded down $18.17 during trading on Tuesday, reaching $155.11. The company’s stock had a trading volume of 150 shares, compared to its average volume of 578. The company has a fifty day moving average of $158.31 and a two-hundred day moving average of $161.78. Nexans has a twelve month low of $136.79 and a twelve month high of $201.32.

About Nexans

Nexans is a France-based company specializing in the design, manufacture and installation of cable and cable-system solutions. Its products support the electrification of power networks, buildings, transportation systems, industrial facilities and data infrastructure.

The company provides low-, medium- and high-voltage cables, subsea and underground transmission systems, distribution cables, wiring solutions and related accessories and services. Nexans also develops cable systems for renewable-energy projects, including offshore wind, as well as solutions for telecommunications, mobility and industrial applications.

Nexans was established in 2000 following the separation of Alcatel’s cable activities, although its business has roots in the cable industry dating to the late 19th century.