Prysmian S.p.A. (OTCMKTS:PRYMY) Sees Large Drop in Short Interest

Prysmian S.p.A. (OTCMKTS:PRYMY) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 14,000 shares, a decrease of 25.9% from the January 31st total of 18,900 shares. Based on an average daily trading volume, of 66,100 shares, the days-to-cover ratio is currently 0.2 days.

Prysmian Price Performance

OTCMKTS:PRYMY traded up $1.82 during trading hours on Wednesday, reaching $30.35. 102,530 shares of the company traded hands, compared to its average volume of 113,182. Prysmian has a 1-year low of $24.97 and a 1-year high of $38.06. The firm’s 50-day moving average is $33.67 and its 200-day moving average is $34.11.

Prysmian Company Profile

Prysmian S.p.A., together with its subsidiaries, produces, distributes, and sells power and telecom cables and systems, and related accessories under the Prysmian, Draka, and General Cable brands worldwide. It operates through four segments: Renewable Transmission, Power Grid, Electrification, and Digital Solutions.