Prada S.p.A. (OTCMKTS:PRDSY) Short Interest Update

Prada S.p.A. (OTCMKTS:PRDSY) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 50,898 shares, a growth of 354.0% from the January 15th total of 11,210 shares. Based on an average trading volume of 36,414 shares, the days-to-cover ratio is presently 1.4 days. Based on an average trading volume of 36,414 shares, the days-to-cover ratio is presently 1.4 days.

Prada Trading Down 0.9%

PRDSY stock traded down $0.10 on Friday, reaching $10.60. 888 shares of the company were exchanged, compared to its average volume of 16,228. The stock’s fifty day moving average price is $11.06 and its 200 day moving average price is $11.41. Prada has a 12 month low of $10.00 and a 12 month high of $18.00.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PRDSY. Barclays began coverage on Prada in a research note on Tuesday, January 13th. They issued an “overweight” rating on the stock. UBS Group downgraded Prada from a “buy” rating to a “neutral” rating in a report on Friday, November 28th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Prada Company Profile

Prada S.p.A. is an Italian luxury fashion house renowned for its high-end leather goods, ready-to-wear collections and accessories. Founded in 1913 by Mario Prada in Milan, the company has built a reputation for craftsmanship and understated elegance. Its product portfolio spans handbags, small leather goods, footwear, eyewear and fragrances, all designed to reflect a blend of traditional techniques and contemporary sensibilities.

The company distributes its products through a network of directly operated boutiques, franchise stores and e-commerce platforms.