Short Interest in Puma Se (OTCMKTS:PUMSY) Declines By 74.0%

Puma Se (OTCMKTS:PUMSY) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 7,835 shares, a drop of 74.0% from the December 15th total of 30,125 shares. Based on an average trading volume of 47,708 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 47,708 shares, the short-interest ratio is presently 0.2 days.

Puma Price Performance

Shares of Puma stock traded down $0.04 during trading hours on Thursday, reaching $2.50. 7,756 shares of the company’s stock were exchanged, compared to its average volume of 39,437. The business has a fifty day moving average of $2.28 and a two-hundred day moving average of $2.33. Puma has a 1 year low of $1.71 and a 1 year high of $4.32.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Citigroup reiterated a “neutral” rating on shares of Puma in a research note on Thursday, December 11th. BNP Paribas upgraded shares of Puma from an “underperform” rating to a “neutral” rating in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently 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.