Short Interest in Puma Se (OTCMKTS:PUMSY) Decreases By 75.2%

Puma Se (OTCMKTS:PUMSY) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 8,232 shares, a drop of 75.2% from the February 26th total of 33,133 shares. Based on an average daily volume of 38,021 shares, the days-to-cover ratio is presently 0.2 days.

Puma Stock Up 2.5%

Shares of Puma stock opened at $2.48 on Thursday. The firm’s fifty day simple moving average is $2.56 and its 200-day simple moving average is $2.41. Puma has a 12 month low of $1.71 and a 12 month high of $2.89.

Analysts Set New Price Targets

Separately, Citigroup reissued a “neutral” rating on shares of Puma in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, 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.