Short Interest in Prada S.p.A. (OTCMKTS:PRDSY) Drops By 69.5%

Prada S.p.A. (OTCMKTS:PRDSY) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 1,800 shares, a drop of 69.5% from the January 31st total of 5,900 shares. Based on an average trading volume of 3,800 shares, the days-to-cover ratio is currently 0.5 days.

Prada Trading Down 2.5 %

Shares of Prada stock traded down $0.44 during trading on Friday, hitting $16.86. 8,299 shares of the company’s stock traded hands, compared to its average volume of 5,469. Prada has a 1 year low of $12.56 and a 1 year high of $18.00. The business has a 50-day simple moving average of $16.33 and a 200-day simple moving average of $15.07.

Wall Street Analyst Weigh In

Separately, Bank of America raised Prada from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 19th.

Prada Company Profile

Prada S.p.A. designs, produces, and distributes leather goods, footwear, and ready to wear products worldwide. The company offers its products under the Prada, Miu Miu, Church’s, and Car Shoe brands. It operates in food sector under the Marchesi 1824 brand, as well as sailing races business under Luna Rossa brand name; eyewear and fragrances sector under licensing agreements; and engages in the real estate business.