Prysmian S.p.A. (OTCMKTS:PRYMY) Sees Significant Decrease in Short Interest

Prysmian S.p.A. (OTCMKTS:PRYMY) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 6,800 shares, a drop of 81.3% from the February 28th total of 36,400 shares. Based on an average daily volume of 218,400 shares, the short-interest ratio is currently 0.0 days.

Prysmian Stock Performance

PRYMY traded down $2.30 during midday trading on Thursday, reaching $28.48. The company’s stock had a trading volume of 49,631 shares, compared to its average volume of 119,834. Prysmian has a twelve month low of $25.57 and a twelve month high of $38.06. The company has a fifty day simple moving average of $32.96 and a 200 day simple moving average of $33.69.

About Prysmian

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.