Short Interest in Prysmian S.p.A. (OTCMKTS:PRYMY) Grows By 65.2%

Prysmian S.p.A. (OTCMKTS:PRYMY) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 8,877 shares, a growth of 65.2% from the July 30th total of 5,372 shares. Based on an average trading volume of 129,054 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised Prysmian from a “hold” rating to a “buy” rating in a research note on Friday, May 8th. Barclays reissued an “overweight” rating on shares of Prysmian in a report on Friday, July 3rd. Zacks Research upgraded Prysmian from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Berenberg Bank raised shares of Prysmian from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Sanford C. Bernstein cut shares of Prysmian from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Prysmian Stock Down 3.5%

Shares of PRYMY opened at $67.53 on Wednesday. Prysmian has a 1 year low of $42.85 and a 1 year high of $92.89. The business’s 50 day simple moving average is $74.17 and its 200-day simple moving average is $72.39.

About Prysmian

Prysmian Group is a leading global manufacturer of cables and systems for energy and telecoms, operating under the OTCMKTS ticker PRYMY. The company specializes in the design, production and distribution of high-technology cables that deliver power and data in a broad range of applications, from high-voltage subsea transmission to fiber-optic networks for telecommunications. Its core mission is to enable efficient energy transmission and advanced digital connectivity for utilities, industrial and infrastructure customers worldwide.

The group’s product portfolio spans power cables for high-voltage and extra-high-voltage transmission, medium- and low-voltage distribution cables, flexible industrial cables, and specialty cables for renewable energy installations.