Puma Se (OTCMKTS:PUMSY) Short Interest Down 50.0% in May

Puma Se (OTCMKTS:PUMSY) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 648 shares, a decline of 50.0% from the May 14th total of 1,296 shares. Based on an average daily trading volume, of 54,209 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Zacks Research raised Puma to a “hold” rating in a research note on Tuesday, June 9th. Citigroup raised Puma from a “neutral” rating to a “buy” rating in a research note on Thursday, June 4th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Puma presently has an average rating of “Hold”.

Puma Price Performance

PUMSY stock traded up $0.02 during midday trading on Monday, hitting $3.21. The stock had a trading volume of 10,539 shares, compared to its average volume of 33,245. The business has a 50-day moving average of $2.97 and a two-hundred day moving average of $2.67. Puma has a 52-week low of $1.71 and a 52-week high of $3.46.

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.