Puma Se (OTCMKTS:PUMSY) Sees Significant Growth in Short Interest

Puma Se (OTCMKTS:PUMSY) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 37,355 shares, a growth of 376.8% from the December 31st total of 7,835 shares. Based on an average daily trading volume, of 80,361 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 80,361 shares, the days-to-cover ratio is presently 0.5 days.

Puma Stock Up 11.2%

Shares of OTCMKTS PUMSY opened at $2.78 on Wednesday. Puma has a 1-year low of $1.71 and a 1-year high of $3.35. The stock has a fifty day moving average price of $2.40 and a 200 day moving average price of $2.32.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PUMSY shares. Citigroup reiterated a “neutral” rating on shares of Puma in a research note on Thursday, December 11th. BNP Paribas Exane raised shares of Puma from an “underperform” rating to a “neutral” rating in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Puma has a consensus rating of “Hold”.

About Puma

Puma SE (OTCMKTS:PUMSY) is a German multinational company that designs, develops, markets and sells athletic and casual footwear, apparel and accessories. Founded in 1948 by Rudolf Dassler in Herzogenaurach, Germany, Puma has grown into one of the world’s leading sportswear brands. The company’s product portfolio spans performance-driven footwear for running, football and training, as well as sport-inspired lifestyle shoes and apparel. Complementary offerings include teamwear, bags, socks, headwear and various sports equipment.

Puma distributes its products through a diversified network of retail channels, including direct-to-consumer stores, e-commerce platforms, wholesale partners and licensed distributors.