Prada S.p.A. (OTCMKTS:PRDSY) Sees Large Increase in Short Interest

Prada S.p.A. (OTCMKTS:PRDSYGet Free Report) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 15,489 shares, a growth of 68.1% from the May 14th total of 9,213 shares. Based on an average daily volume of 101,611 shares, the short-interest ratio is presently 0.2 days.

Prada Price Performance

OTCMKTS PRDSY remained flat at $10.36 during trading on Wednesday. 6,469 shares of the company’s stock traded hands, compared to its average volume of 25,216. Prada has a twelve month low of $8.90 and a twelve month high of $13.30. The firm’s 50 day moving average price is $9.51 and its 200 day moving average price is $10.32.

About Prada

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Prada S.p.A. is an Italian luxury fashion house renowned for its high-end leather goods, ready-to-wear collections and accessories. Founded in 1913 by Mario Prada in Milan, the company has built a reputation for craftsmanship and understated elegance. Its product portfolio spans handbags, small leather goods, footwear, eyewear and fragrances, all designed to reflect a blend of traditional techniques and contemporary sensibilities.

The company distributes its products through a network of directly operated boutiques, franchise stores and e-commerce platforms.

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