Signify (OTCMKTS:PHPPY – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 238 shares, a growth of 145.4% from the September 30th total of 97 shares. Based on an average trading volume of 365 shares, the days-to-cover ratio is presently 0.7 days.
Signify Stock Performance
Shares of Signify stock opened at $8.65 on Friday. Signify has a one year low of $7.85 and a one year high of $12.94. The stock’s 50-day moving average is $8.51 and its 200-day moving average is $10.31.
Signify Company Profile
Signify N.V. is a global lighting technology company headquartered in Eindhoven, the Netherlands. The company develops and sells lighting products, systems and services for residential, commercial, industrial and public-sector applications.
Its portfolio includes LED lamps and luminaires, connected lighting systems, professional lighting controls and software, and specialty lighting solutions. Signify markets products under brands including Philips, Interact, Color Kinetics and WiZ, serving applications such as homes, offices, retail locations, roads, cities, horticulture and entertainment venues.
The company was established as Philips Lighting following its separation from Royal Philips in 2016 and adopted the Signify name in 2018.
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