Short Interest in Puma Se (OTCMKTS:PUMSY) Drops By 74.5%

Puma Se (OTCMKTS:PUMSY) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 30,125 shares, a decrease of 74.5% from the November 30th total of 118,354 shares. Based on an average daily trading volume, of 79,894 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 79,894 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PUMSY shares. BNP Paribas upgraded Puma from an “underperform” rating to a “neutral” rating in a report on Tuesday, September 30th. UBS Group upgraded shares of Puma to a “neutral” rating in a report on Monday, September 1st. Sanford C. Bernstein assumed coverage on Puma in a report on Thursday, September 11th. They issued an “outperform” rating on the stock. Finally, Citigroup reissued a “neutral” rating on shares of Puma in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Puma presently has a consensus rating of “Hold”.

Puma Stock Up 0.4%

Shares of PUMSY stock traded up $0.01 during trading hours on Friday, reaching $2.49. The company had a trading volume of 7,916 shares, compared to its average volume of 215,552. Puma has a 12 month low of $1.71 and a 12 month high of $4.72. The business has a fifty day simple moving average of $2.20 and a 200-day simple moving average of $2.32.

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.