Prysmian S.p.A. (OTCMKTS:PRYMY) Sees Large Increase in Short Interest

Prysmian S.p.A. (OTCMKTS:PRYMY) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 64,043 shares, a growth of 237.9% from the September 15th total of 18,956 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 162,895 shares, the days-to-cover ratio is currently 0.4 days.

Prysmian Price Performance

Prysmian stock traded up $0.93 during trading hours on Friday, hitting $69.19. 74,239 shares of the stock were exchanged, compared to its average volume of 81,009. Prysmian has a 12 month low of $45.72 and a 12 month high of $92.89. The business’s 50-day moving average is $71.34 and its two-hundred day moving average is $74.84.

Analysts Set New Price Targets

PRYMY has been the subject of several research reports. Oddo Bhf raised Prysmian to an “outperform” rating in a research report on Friday, September 4th. Sanford C. Bernstein lowered shares of Prysmian from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Berenberg Bank raised shares of Prysmian from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Barclays restated an “overweight” rating on shares of Prysmian in a research note on Friday, July 3rd. Finally, Zacks Research downgraded shares of Prysmian from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Prysmian currently has an average rating of “Moderate Buy”.

Prysmian Company Profile

Prysmian S.p.A. is an Italian manufacturer of energy and telecommunications cable systems. The company develops, produces and supplies cables and related components used in power transmission and distribution, renewable energy projects, industrial applications, telecommunications networks, data centers, and infrastructure. Its offerings include high- and medium-voltage underground and submarine cables, optical-fiber and copper cables, connectivity solutions, and customized cable systems.

The company serves utilities, telecommunications operators, construction companies, industrial customers, and infrastructure developers.