Prysmian S.p.A. (OTCMKTS:PRYMY) Sees Large Growth in Short Interest

Prysmian S.p.A. (OTCMKTS:PRYMY) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 52,500 shares, an increase of 525.0% from the December 31st total of 8,400 shares. Based on an average trading volume of 89,600 shares, the days-to-cover ratio is presently 0.6 days.

Prysmian Trading Up 2.7 %

PRYMY traded up $0.90 on Wednesday, hitting $34.14. 40,559 shares of the company’s stock were exchanged, compared to its average volume of 161,076. Prysmian has a fifty-two week low of $21.80 and a fifty-two week high of $38.06. The firm has a 50-day moving average price of $33.28 and a 200-day moving average price of $34.03.

About Prysmian

Prysmian S.p.A., together with its subsidiaries, produces, distributes, and sells power and telecom cables and systems, and related accessories under the Prysmian, Draka, and General Cable brands worldwide. It operates through four segments: Renewable Transmission, Power Grid, Electrification, and Digital Solutions.