Prada S.p.A. (OTCMKTS:PRDSY) Sees Significant Decrease in Short Interest

Prada S.p.A. (OTCMKTS:PRDSY) saw a large decrease in short interest in February. As of February 13th, there was short interest totaling 1,001 shares, a decrease of 98.0% from the January 29th total of 50,898 shares. Based on an average trading volume of 25,834 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 25,834 shares, the days-to-cover ratio is currently 0.0 days.

Prada Stock Performance

OTCMKTS PRDSY traded up $0.49 during trading on Wednesday, hitting $11.00. The company’s stock had a trading volume of 20,764 shares, compared to its average volume of 16,469. The firm has a 50 day moving average price of $10.90 and a 200 day moving average price of $11.39. Prada has a 52 week low of $10.00 and a 52 week high of $17.86.

Analysts Set New Price Targets

PRDSY has been the subject of several analyst reports. UBS Group lowered Prada from a “buy” rating to a “neutral” rating in a report on Friday, November 28th. Barclays started coverage on shares of Prada in a research report on Tuesday, January 13th. They issued an “overweight” rating on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Prada Company Profile

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.