Prada S.p.A. (OTCMKTS:PRDSY) Sees Large Decline in Short Interest

Prada S.p.A. (OTCMKTS:PRDSY) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 1,800 shares, a drop of 69.5% from the January 31st total of 5,900 shares. Based on an average trading volume of 3,800 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

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

Prada Price Performance

Shares of PRDSY stock traded down $0.44 during trading hours on Friday, hitting $16.86. 8,299 shares of the company’s stock traded hands, compared to its average volume of 5,469. The stock’s 50 day simple moving average is $16.33 and its 200 day simple moving average is $15.07. Prada has a 12 month low of $12.56 and a 12 month high of $18.00.

Prada Company Profile

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.