Pandora A/S (OTCMKTS:PANDY) Short Interest Down 64.7% in October

Pandora A/S (OTCMKTS:PANDY) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 2,400 shares, a drop of 64.7% from the September 30th total of 6,800 shares. Based on an average daily trading volume, of 16,700 shares, the days-to-cover ratio is currently 0.1 days.

Pandora A/S Stock Performance

Shares of OTCMKTS PANDY traded up $0.98 during mid-day trading on Friday, reaching $37.93. 8,226 shares of the company traded hands, compared to its average volume of 5,848. The company’s fifty day moving average is $41.39 and its two-hundred day moving average is $39.94. Pandora A/S has a fifty-two week low of $27.70 and a fifty-two week high of $44.92.

Pandora A/S (OTCMKTS:PANDY) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. The firm had revenue of $977.04 million during the quarter.

Analysts Set New Price Targets

Separately, Citigroup raised Pandora A/S to a “strong-buy” rating in a research note on Wednesday, October 2nd.

Pandora A/S Company Profile

Pandora A/S engages in the design, manufacture, and marketing of hand-finished and contemporary jewelry. The company operates in two segments, Core and Fuel With More. It offers charms, bracelets, rings, earrings, necklaces, and pendants. The company sells its products through physical stores, online stores, and wholesale and third-party distribution in Denmark, the United States, China, the United Kingdom, Italy, Australia, France, Germany, Spain, Mexico, and internationally.