Short Interest in Puma Se (OTCMKTS:PUMSY) Decreases By 74.5%

by · The Markets Daily

Puma Se (OTCMKTS:PUMSY – Get Free Report) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totaling 30,125 shares, a decrease of 74.5% from the November 30th total of 118,354 shares. Based on an average trading volume of 79,894 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 79,894 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PUMSY shares. UBS Group raised shares of Puma to a “neutral” rating in a research report on Monday, September 1st. BNP Paribas raised Puma from an “underperform” rating to a “neutral” rating in a report on Tuesday, September 30th. Citigroup reaffirmed a “neutral” rating on shares of Puma in a research report on Thursday, December 11th. Finally, Sanford C. Bernstein started coverage on Puma in a research report on Thursday, September 11th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

View Our Latest Analysis on Puma

Puma Price Performance

Shares of PUMSY opened at $2.48 on Thursday. Puma has a fifty-two week low of $1.71 and a fifty-two week high of $4.75. The business has a 50-day moving average of $2.20 and a 200 day moving average of $2.32.

About Puma

(Get Free Report)

Puma SE (OTCMKTS:PUMSY) is a German multinational company that designs, develops, markets and sells athletic and casual footwear, apparel and accessories. Founded in 1948 by Rudolf Dassler in Herzogenaurach, Germany, Puma has grown into one of the world’s leading sportswear brands. The company’s product portfolio spans performance-driven footwear for running, football and training, as well as sport-inspired lifestyle shoes and apparel. Complementary offerings include teamwear, bags, socks, headwear and various sports equipment.

Puma distributes its products through a diversified network of retail channels, including direct-to-consumer stores, e-commerce platforms, wholesale partners and licensed distributors.

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