Prada S.p.A. (OTCMKTS:PRDSF) Sees Significant Growth in Short Interest

Prada S.p.A. (OTCMKTS:PRDSF) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 75,300 shares, an increase of 33.0% from the December 15th total of 56,600 shares. Based on an average daily trading volume, of 3,000 shares, the days-to-cover ratio is presently 25.1 days.

Prada Stock Up 1.4 %

PRDSF stock traded up $0.11 during midday trading on Friday, reaching $8.00. The company had a trading volume of 400 shares, compared to its average volume of 8,300. The company has a 50 day moving average of $7.56 and a two-hundred day moving average of $7.23. Prada has a 1 year low of $5.45 and a 1 year high of $8.69.

About Prada

Prada S.p.A. designs, produces, and distributes leather goods, footwear, and ready to wear products worldwide. The company offers its products under the Prada, Miu Miu, Church’s, and Car Shoe brands. It operates in food sector under the Marchesi 1824 brand, as well as sailing races business under Luna Rossa brand name; eyewear and fragrances sector under licensing agreements; and engages in the real estate business.