Prosus (OTCMKTS:PROSY – Get Free Report) 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.
Check Out Our Latest Stock Report on Prosus
Prosus Stock Performance
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.
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