Prada S.p.A. (OTCMKTS:PRDSY) Shares Shorted: Short Interest Down 72.6% in October

Prada S.p.A. (OTCMKTS:PRDSY) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 636 shares, a decrease of 72.6% from the September 30th total of 2,319 shares. Based on an average daily trading volume, of 13,641 shares, the short-interest ratio is presently 0.0 days.

Prada Stock Up 0.2%

PRDSY traded up $0.01 on Wednesday, hitting $9.45. The company’s stock had a trading volume of 4,418 shares, compared to its average volume of 18,873. The company’s 50 day simple moving average is $9.87 and its 200-day simple moving average is $10.01. Prada has a 12 month low of $8.90 and a 12 month high of $12.80.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group began coverage on Prada in a report on Sunday, October 4th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Prada Company Profile

Prada S.p.A. is an Italian luxury goods company founded in Milan in 1913 by Mario Prada. The group designs, manufactures and sells luxury apparel, leather goods, footwear and accessories, along with beauty products, fragrances and eyewear through licensing and brand partnerships.

Its principal brands include Prada and Miu Miu, as well as Church’s, Car Shoe and Marchesi 1824. The company serves customers worldwide through a network of directly operated stores, e-commerce platforms, selected wholesale partners and other distribution channels.

Prada Group is headquartered in Milan and has developed an international retail and manufacturing presence while retaining strong Italian design and craftsmanship roots.