Prada S.p.A. (OTCMKTS:PRDSF) Sees Large Drop in Short Interest

Prada S.p.A. (OTCMKTS:PRDSF) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 20,700 shares, a decline of 54.5% from the February 28th total of 45,500 shares. Based on an average trading volume of 4,100 shares, the days-to-cover ratio is presently 5.0 days.

Prada Price Performance

PRDSF stock traded down $0.04 during trading hours on Friday, reaching $7.02. 1,625 shares of the stock were exchanged, compared to its average volume of 4,340. The firm’s 50-day moving average is $8.04 and its 200-day moving average is $7.54. Prada has a 12 month low of $6.31 and a 12 month high of $9.32.

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.