Short Interest in Prysmian S.p.A. (OTCMKTS:PRYMY) Rises By 173.9%

Prysmian S.p.A. (OTCMKTS:PRYMY) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 17,430 shares, a growth of 173.9% from the May 31st total of 6,364 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 152,122 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

PRYMY has been the subject of several recent analyst reports. Zacks Research upgraded Prysmian from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Citigroup reaffirmed a “buy” rating on shares of Prysmian in a report on Thursday, May 7th. BNP Paribas Exane began coverage on Prysmian in a research report on Wednesday, May 6th. They set a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft raised Prysmian from a “hold” rating to a “buy” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Prysmian has a consensus rating of “Moderate Buy”.

Prysmian Stock Performance

Shares of OTCMKTS:PRYMY opened at $81.41 on Monday. Prysmian has a 52-week low of $34.51 and a 52-week high of $92.89. The firm has a fifty day moving average of $82.83 and a 200 day moving average of $65.90. The firm has a market capitalization of $49.15 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.