Short Interest in Prysmian S.p.A. (OTCMKTS:PRYMY) Drops By 75.4%

Prysmian S.p.A. (OTCMKTS:PRYMY) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 8,400 shares, a drop of 75.4% from the November 30th total of 34,200 shares. Based on an average daily trading volume, of 113,300 shares, the days-to-cover ratio is presently 0.1 days.

Prysmian Stock Performance

Shares of Prysmian stock traded down $0.24 on Friday, reaching $32.28. 77,947 shares of the stock were exchanged, compared to its average volume of 30,094. The firm’s 50 day moving average is $33.45 and its 200-day moving average is $33.63. Prysmian has a one year low of $21.60 and a one year high of $37.44.

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.