Nexans S.A. (OTCMKTS:NXPRF) Short Interest Down 77.1% in December

Nexans S.A. (OTCMKTS:NXPRF) saw a large decrease in short interest in December. As of December 15th, there was short interest totaling 1,245 shares, a decrease of 77.1% from the November 30th total of 5,446 shares. Based on an average trading volume of 348 shares, the days-to-cover ratio is presently 3.6 days. Based on an average trading volume of 348 shares, the days-to-cover ratio is presently 3.6 days.

Nexans Stock Performance

OTCMKTS:NXPRF remained flat at $144.38 during trading hours on Friday. Nexans has a one year low of $83.10 and a one year high of $161.73. The company has a fifty day moving average price of $142.65 and a 200-day moving average price of $140.68.

About Nexans

Nexans is a global leader in the design, manufacturing and distribution of cable and connectivity solutions. The company develops a broad portfolio of copper and optical‐fiber cables for power transmission, telecommunications and data networks, as well as specialty cables for transportation, industry and renewable energy applications. Its product range includes low-, medium- and high-voltage power cables, submarine cables for offshore wind and interconnections, building wires, and fiber-optic systems for high-speed communications.

Established in 2000 following a demerger from the cable activities of Alcatel, Nexans traces its origins to more than a century of technological innovation in wire and cable engineering.