Short Interest in Prysmian S.p.A. (OTCMKTS:PRYMY) Declines By 81.7%

by · The Markets Daily

Prysmian S.p.A. (OTCMKTS:PRYMY – Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 3,199 shares, a decrease of 81.7% from the June 30th total of 17,522 shares. Based on an average daily trading volume, of 129,769 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Prysmian Stock Down 3.0%

PRYMY stock traded down $2.17 during trading on Monday, reaching $69.40. The stock had a trading volume of 72,232 shares, compared to its average volume of 94,157. Prysmian has a one year low of $38.12 and a one year high of $92.89. The company’s 50 day moving average is $81.87 and its two-hundred day moving average is $69.66. The company has a market capitalization of $41.89 billion and a price-to-earnings ratio of 133.61.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PRYMY shares. Zacks Research cut shares of Prysmian from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Barclays reaffirmed an “overweight” rating on shares of Prysmian in a research report on Friday, July 3rd. Citigroup reiterated a “buy” rating on shares of Prysmian in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft raised Prysmian from a “hold” rating to a “buy” rating in a report on Friday, May 8th. Finally, BNP Paribas Exane initiated coverage on Prysmian in a report on Wednesday, May 6th. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

View Our Latest Stock Report on Prysmian

About Prysmian

(Get Free Report)

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.

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