Nexans S.A. (OTCMKTS:NXPRF) Short Interest Update

Nexans S.A. (OTCMKTS:NXPRF) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 581 shares, a decrease of 42.3% from the June 15th total of 1,007 shares. Based on an average trading volume of 148 shares, the days-to-cover ratio is presently 3.9 days.

Nexans Stock Performance

Shares of NXPRF opened at $154.92 on Friday. The firm has a fifty day simple moving average of $179.06 and a two-hundred day simple moving average of $159.61. Nexans has a 1-year low of $136.79 and a 1-year high of $201.32.

Analysts Set New Price Targets

A number of research firms recently weighed in on NXPRF. Barclays reiterated an “overweight” rating on shares of Nexans in a research note on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nexans in a research note on Thursday, April 30th. Finally, BNP Paribas Exane initiated coverage on Nexans in a report on Wednesday, May 6th. They set an “outperform” rating on the stock. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Nexans Company Profile

Nexans is a global leader in the design, manufacturing and distribution of cable and connectivity solutions. The company develops a broad portfolio of copper and optical‐fiber cables for power transmission, telecommunications and data networks, as well as specialty cables for transportation, industry and renewable energy applications. Its product range includes low-, medium- and high-voltage power cables, submarine cables for offshore wind and interconnections, building wires, and fiber-optic systems for high-speed communications.

Established in 2000 following a demerger from the cable activities of Alcatel, Nexans traces its origins to more than a century of technological innovation in wire and cable engineering.