Nexans S.A. (OTCMKTS:NXPRF) Sees Significant Growth in Short Interest

Nexans S.A. (OTCMKTS:NXPRF) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,200 shares, a growth of 33.3% from the February 13th total of 900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 12.0 days.

Nexans Price Performance

Shares of OTCMKTS:NXPRF remained flat at $99.76 during midday trading on Monday. The stock had a trading volume of 1 shares, compared to its average volume of 743. The company’s 50-day moving average is $99.27 and its 200 day moving average is $117.22. Nexans has a twelve month low of $92.81 and a twelve month high of $147.60.

Nexans Company Profile

Nexans SA manufactures and sells cables in France, Canada, Norway, Germany, and internationally. It operates through Building & Territories, Generation & Transmission, Industry & Solutions, and Other Activities segments. The company offers cables for the energy distribution networks, as well as equipment cables for buildings.