Short Interest in Signify (OTCMKTS:PHPPY) Rises By 33.7%

Signify (OTCMKTS:PHPPY) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 1,996 shares, an increase of 33.7% from the February 12th total of 1,493 shares. Based on an average daily trading volume, of 305 shares, the days-to-cover ratio is presently 6.5 days. Based on an average daily trading volume, of 305 shares, the days-to-cover ratio is presently 6.5 days.

Signify Stock Performance

Shares of Signify stock opened at $10.65 on Friday. The business has a 50 day moving average of $11.80 and a 200 day moving average of $12.25. Signify has a 52 week low of $9.60 and a 52 week high of $14.04.

About Signify

Signify N.V. (OTCMKTS: PHPPY) is a global leader in lighting solutions, specializing in connected LED products, systems and services. Originating from the lighting division of Koninklijke Philips N.V., the company began operations as an independent, publicly traded entity in 2018 under the name Signify. Headquartered in Eindhoven, the Netherlands, Signify leverages over a century of lighting innovation and maintains a broad portfolio of conventional and LED-based solutions tailored to both professional and consumer markets.

Signify’s core product offerings include LED lamps and luminaires, smart lighting systems such as Philips Hue, and Internet of Things–enabled platforms that enable energy-efficient, customizable illumination.