Short Interest in Signify (OTCMKTS:PHPPY) Increases By 707.9%

Signify (OTCMKTS:PHPPY) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,535 shares, an increase of 707.9% from the January 15th total of 190 shares. Based on an average daily trading volume, of 1,079 shares, the short-interest ratio is presently 1.4 days. Based on an average daily trading volume, of 1,079 shares, the short-interest ratio is presently 1.4 days.

Signify Price Performance

OTCMKTS:PHPPY remained flat at $11.96 on Wednesday. The company’s stock had a trading volume of 52 shares, compared to its average volume of 826. The firm’s 50-day simple moving average is $11.85 and its 200-day simple moving average is $12.49. Signify has a 52 week low of $9.60 and a 52 week high of $14.04.

Signify Company Profile

Signify N.V. (OTCMKTS: PHPPY) is a global leader in lighting solutions, specializing in connected LED products, systems and services. Originating from the lighting division of Koninklijke Philips N.V., the company began operations as an independent, publicly traded entity in 2018 under the name Signify. Headquartered in Eindhoven, the Netherlands, Signify leverages over a century of lighting innovation and maintains a broad portfolio of conventional and LED-based solutions tailored to both professional and consumer markets.

Signify’s core product offerings include LED lamps and luminaires, smart lighting systems such as Philips Hue, and Internet of Things–enabled platforms that enable energy-efficient, customizable illumination.