Short Interest in Prada S.p.A. (OTCMKTS:PRDSY) Expands By 182.7%

Prada S.p.A. (OTCMKTS:PRDSY) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 14,700 shares, a growth of 182.7% from the December 31st total of 5,200 shares. Based on an average trading volume of 21,900 shares, the short-interest ratio is currently 0.7 days.

Prada Stock Down 1.9 %

Shares of OTCMKTS:PRDSY traded down $0.31 during trading on Wednesday, reaching $16.09. 5,126 shares of the stock were exchanged, compared to its average volume of 7,313. Prada has a 12-month low of $12.02 and a 12-month high of $17.05. The firm’s 50-day moving average price is $15.65 and its 200 day moving average price is $14.66.

Analysts Set New Price Targets

Separately, Bank of America raised Prada from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 19th.

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.