Prosus (OTCMKTS:PROSY) Short Interest Down 27.4% in August

Prosus (OTCMKTS:PROSY) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 2,891,300 shares, a decline of 27.4% from the August 15th total of 3,980,100 shares. Based on an average trading volume of 852,500 shares, the days-to-cover ratio is presently 3.4 days.

Wall Street Analyst Weigh In

Separately, Citigroup raised Prosus to a “strong-buy” rating in a report on Monday, June 17th.

Prosus Stock Performance

Prosus stock traded up $0.03 during trading on Friday, hitting $7.19. The company’s stock had a trading volume of 195,517 shares, compared to its average volume of 928,492. The stock’s fifty day moving average is $7.19 and its 200 day moving average is $6.94. Prosus has a 1-year low of $5.39 and a 1-year high of $8.01.

Prosus Company Profile

Prosus N.V. engages in the e-commerce and internet businesses in Asia, Europe, Latin America, North America, and internationally. It operates internet platforms, such as classifieds, payments and fintech, food delivery, education technology, etail, ventures, social, and other internet platforms. The company was formerly known as Myriad International Holdings N.V.