Short Interest in Prysmian S.p.A. (OTCMKTS:PRYMY) Drops By 81.3%

Prysmian S.p.A. (OTCMKTS:PRYMY) was the recipient of a large 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 trading volume, of 218,400 shares, the days-to-cover ratio is presently 0.0 days.

Prysmian Price Performance

OTCMKTS PRYMY traded down $0.54 on Friday, reaching $28.59. The stock had a trading volume of 75,130 shares, compared to its average volume of 119,297. Prysmian has a 12-month low of $25.57 and a 12-month high of $38.06. The business’s 50-day moving average price is $32.85 and its 200 day moving average price is $33.66.

Prysmian Company Profile

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.