Puma Se (OTCMKTS:PUMSY) Sees Significant Drop in Short Interest

Puma Se (OTCMKTS:PUMSY) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 8,232 shares, a drop of 75.2% from the February 26th total of 33,133 shares. Based on an average daily volume of 38,021 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 38,021 shares, the days-to-cover ratio is presently 0.2 days.

Puma Trading Up 4.6%

Shares of PUMSY stock traded up $0.11 during mid-day trading on Wednesday, reaching $2.53. The stock had a trading volume of 5,497 shares, compared to its average volume of 45,318. Puma has a 12-month low of $1.71 and a 12-month high of $2.89. The business has a 50-day simple moving average of $2.57 and a 200 day simple moving average of $2.41.

Wall Street Analysts Forecast Growth

Separately, Citigroup reissued a “neutral” rating on shares of Puma in a report on Thursday, January 29th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Puma currently has an average rating of “Hold”.

About Puma

Puma SE (OTCMKTS:PUMSY) is a German multinational company that designs, develops, markets and sells athletic and casual footwear, apparel and accessories. Founded in 1948 by Rudolf Dassler in Herzogenaurach, Germany, Puma has grown into one of the world’s leading sportswear brands. The company’s product portfolio spans performance-driven footwear for running, football and training, as well as sport-inspired lifestyle shoes and apparel. Complementary offerings include teamwear, bags, socks, headwear and various sports equipment.

Puma distributes its products through a diversified network of retail channels, including direct-to-consumer stores, e-commerce platforms, wholesale partners and licensed distributors.