Prada S.p.A. (OTCMKTS:PRDSY) Short Interest Update

Prada S.p.A. (OTCMKTS:PRDSY) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 697 shares, a decrease of 62.9% from the February 26th total of 1,877 shares. Based on an average daily volume of 22,252 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Several research firms have commented on PRDSY. UBS Group cut shares of Prada from a “buy” rating to a “neutral” rating in a research note on Friday, November 28th. Barclays initiated coverage on shares of Prada in a research note on Tuesday, January 13th. They issued an “overweight” rating for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Prada presently has an average rating of “Moderate Buy”.

Prada Trading Down 5.8%

OTCMKTS PRDSY opened at $9.40 on Friday. Prada has a 12 month low of $9.27 and a 12 month high of $15.10. The company’s 50 day simple moving average is $10.40 and its 200 day simple moving average is $11.28.

About Prada

Prada S.p.A. is an Italian luxury fashion house renowned for its high-end leather goods, ready-to-wear collections and accessories. Founded in 1913 by Mario Prada in Milan, the company has built a reputation for craftsmanship and understated elegance. Its product portfolio spans handbags, small leather goods, footwear, eyewear and fragrances, all designed to reflect a blend of traditional techniques and contemporary sensibilities.

The company distributes its products through a network of directly operated boutiques, franchise stores and e-commerce platforms.