Prysmian S.p.A. (OTCMKTS:PRYMY) Sees Significant Increase in Short Interest

Prysmian S.p.A. (OTCMKTS:PRYMY) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 5,372 shares, a growth of 67.9% from the July 15th total of 3,199 shares. Based on an average trading volume of 260,664 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Prysmian Trading Up 2.2%

Shares of OTCMKTS PRYMY traded up $1.62 during midday trading on Monday, hitting $75.92. The stock had a trading volume of 31,067 shares, compared to its average volume of 93,161. The business’s 50 day moving average is $77.26 and its 200-day moving average is $71.48. Prysmian has a 52 week low of $42.46 and a 52 week high of $92.89.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays restated an “overweight” rating on shares of Prysmian in a research report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft raised Prysmian from a “hold” rating to a “buy” rating in a research report on Friday, May 8th. Sanford C. Bernstein cut shares of Prysmian from a “strong-buy” rating to a “hold” rating in a report on Thursday. Citigroup reaffirmed a “buy” rating on shares of Prysmian in a research report on Thursday, May 7th. Finally, Zacks Research upgraded shares of Prysmian from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Prysmian currently has a consensus rating of “Buy”.

About Prysmian

Prysmian Group is a leading global manufacturer of cables and systems for energy and telecoms, operating under the OTCMKTS ticker PRYMY. The company specializes in the design, production and distribution of high-technology cables that deliver power and data in a broad range of applications, from high-voltage subsea transmission to fiber-optic networks for telecommunications. Its core mission is to enable efficient energy transmission and advanced digital connectivity for utilities, industrial and infrastructure customers worldwide.

The group’s product portfolio spans power cables for high-voltage and extra-high-voltage transmission, medium- and low-voltage distribution cables, flexible industrial cables, and specialty cables for renewable energy installations.