ProSiebenSat.1 Media SE (OTCMKTS:PBSFF) Sees Large Decrease in Short Interest

ProSiebenSat.1 Media SE (OTCMKTS:PBSFF) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 672,507 shares, a decrease of 36.2% from the March 31st total of 1,053,646 shares. Based on an average trading volume of 2 shares, the days-to-cover ratio is currently 336,253.5 days.

ProSiebenSat.1 Media Stock Performance

Shares of PBSFF remained flat at $5.55 during midday trading on Thursday. The stock has a 50-day moving average price of $5.55 and a 200-day moving average price of $5.72. ProSiebenSat.1 Media has a fifty-two week low of $5.55 and a fifty-two week high of $8.96.

About ProSiebenSat.1 Media

ProSiebenSat.1 Media is a leading German mass-media company specializing in free-to-air television broadcasting, content production and digital entertainment services. The company operates a portfolio of national TV channels, including ProSieben, Sat.1 and Kabel Eins, which together reach millions of viewers in German-speaking Europe. Alongside its flagship linear channels, ProSiebenSat.1 offers video-on-demand platforms and streaming services that complement its broadcast schedules and cater to the increasing demand for on-demand content.

Founded through the consolidation of several regional broadcasters in the early 2000s, ProSiebenSat.1 has grown both organically and through strategic acquisitions.