Nexans S.A. (OTCMKTS:NXPRF) Sees Large Decrease in Short Interest

Nexans S.A. (OTCMKTS:NXPRF) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 4,700 shares, a decline of 21.7% from the October 31st total of 6,000 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 47.0 days.

Nexans Stock Performance

Nexans stock remained flat at $79.67 during mid-day trading on Friday. 2 shares of the company were exchanged, compared to its average volume of 351. Nexans has a fifty-two week low of $69.08 and a fifty-two week high of $101.75. The stock has a 50-day moving average of $75.53 and a two-hundred day moving average of $80.75.

About Nexans

Nexans SA designs, manufactures, and sells cable systems and services in France and internationally. It operates in five segments: Building & Territories, Generation & Transmission, Telecom & Data, Industry & Solutions, and Other Activities. The company provides design, engineering, financing, asset management, and systems management solutions for offshore wind farms, subsea interconnections, and land high voltage, as well as smart solutions for oil and gas sector.