Short Interest in Prysmian S.p.A. (OTCMKTS:PRYMY) Declines By 79.7%

Prysmian S.p.A. (OTCMKTS:PRYMY) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 6,364 shares, a decrease of 79.7% from the May 14th total of 31,305 shares. Based on an average daily trading volume, of 199,341 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Berenberg Bank downgraded shares of Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft upgraded shares of Prysmian from a “hold” rating to a “buy” rating in a research note on Friday, May 8th. Citigroup restated a “buy” rating on shares of Prysmian in a research report on Thursday, May 7th. Zacks Research upgraded shares of Prysmian from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Finally, BNP Paribas Exane initiated coverage on shares of Prysmian in a research note on Wednesday, May 6th. They issued a “neutral” rating for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Prysmian Stock Performance

PRYMY stock traded down $4.04 during mid-day trading on Wednesday, hitting $78.77. The company had a trading volume of 16,259 shares, compared to its average volume of 95,238. The stock’s fifty day moving average price is $77.79 and its two-hundred day moving average price is $62.70. Prysmian has a 12 month low of $31.74 and a 12 month high of $92.89. The firm has a market cap of $45.20 billion and a PE ratio of 133.61.

Prysmian Company Profile

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.