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

Nexans S.A. (OTCMKTS:NXPRF) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 377 shares, a decline of 35.1% from the June 30th total of 581 shares. Based on an average trading volume of 56 shares, the short-interest ratio is currently 6.7 days.

Wall Street Analysts Forecast Growth

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

Nexans Price Performance

Shares of NXPRF stock remained flat at $149.24 during trading hours on Friday. The stock’s 50-day simple moving average is $171.56 and its 200 day simple moving average is $160.24. Nexans has a one year low of $136.79 and a one year high of $201.32.

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.