Short Interest in Pirelli & C. S.p.A. (OTCMKTS:PLLIF) Increases By 67.5%

Pirelli & C. S.p.A. (OTCMKTS:PLLIF) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 4,423,650 shares, an increase of 67.5% from the May 14th total of 2,640,466 shares. Based on an average daily volume of 184 shares, the short-interest ratio is presently 24,041.6 days.

Pirelli & C. Stock Performance

Shares of OTCMKTS PLLIF remained flat at $7.05 during midday trading on Wednesday. The firm has a 50-day simple moving average of $6.84 and a 200-day simple moving average of $7.11. Pirelli & C. has a 52 week low of $6.03 and a 52 week high of $8.08.

Pirelli & C. Company Profile

Pirelli & C. S.p.A. is an Italian multinational tyre manufacturer and one of the world’s leading suppliers of high-value tyres. Founded in Milan in 1872 by Giovanni Battista Pirelli, the company has built its reputation around premium performance, technological innovation and product design. Pirelli specialises in tyres for cars, motorcycles and bicycles as well as motorsport applications, including its longstanding role as the exclusive tyre supplier to the FIA Formula One World Championship since 2011.

Following its 2015 separation from the industrial conglomerate that bore its name, Pirelli today operates through a network of over 100 manufacturing facilities and more than 20 research and development centres worldwide.