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

Prysmian S.p.A. (OTCMKTS:PRYMY) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 5,372 shares, a growth of 67.9% from the July 15th total of 3,199 shares. Based on an average daily volume of 260,664 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Prysmian Stock Performance

Shares of OTCMKTS:PRYMY traded down $3.70 during trading hours on Tuesday, hitting $72.18. 51,581 shares of the company’s stock traded hands, compared to its average volume of 92,989. The company’s fifty day simple moving average is $77.06 and its two-hundred day simple moving average is $71.59. Prysmian has a 52 week low of $42.46 and a 52 week high of $92.89.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Prysmian from a “hold” rating to a “buy” rating in a research report on Friday, May 8th. Citigroup restated a “buy” rating on shares of Prysmian in a research report on Thursday, May 7th. Zacks Research raised shares of Prysmian from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Berenberg Bank upgraded shares of Prysmian from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, BNP Paribas Exane assumed coverage on Prysmian in a report on Wednesday, May 6th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

About Prysmian

Prysmian Group is a leading global manufacturer of cables and systems for energy and telecoms, operating under the OTCMKTS ticker PRYMY. The company specializes in the design, production and distribution of high-technology cables that deliver power and data in a broad range of applications, from high-voltage subsea transmission to fiber-optic networks for telecommunications. Its core mission is to enable efficient energy transmission and advanced digital connectivity for utilities, industrial and infrastructure customers worldwide.

The group’s product portfolio spans power cables for high-voltage and extra-high-voltage transmission, medium- and low-voltage distribution cables, flexible industrial cables, and specialty cables for renewable energy installations.