Prysmian S.p.A. (OTCMKTS:PRYMY) Stock Short Interest Report for October

Prysmian S.p.A. (OTCMKTS:PRYMY) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 9,196 shares, a decrease of 85.6% from the September 30th total of 64,043 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 155,683 shares, the short-interest ratio is presently 0.1 days.

Prysmian Stock Up 2.0%

OTCMKTS PRYMY traded up $1.17 during mid-day trading on Wednesday, reaching $60.45. 46,205 shares of the stock were exchanged, compared to its average volume of 95,879. Prysmian has a 1-year low of $45.72 and a 1-year high of $92.89. The business’s fifty day simple moving average is $68.45 and its 200 day simple moving average is $69.61.

Wall Street Analyst Weigh In

PRYMY has been the subject of several recent research reports. Zacks Research downgraded shares of Prysmian from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. Sanford C. Bernstein cut shares of Prysmian from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Oddo Bhf upgraded Prysmian to an “outperform” rating in a research report on Friday, September 4th. Barclays restated an “overweight” rating on shares of Prysmian in a research report on Friday, July 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Prysmian in a report on Sunday, October 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Prysmian Company Profile

Prysmian S.p.A. is an Italian manufacturer of cables and cable systems for the energy and telecommunications industries. The company supplies products used in power transmission and distribution, electrification, renewable energy, industrial applications, transportation, construction and data communications.

Its portfolio includes high- and medium-voltage cables, underground and submarine power cables, fiber-optic and copper telecommunications cables, specialty cables and related cable systems and services.