Nexans S.A. (OTCMKTS:NXPRF) Short Interest Update

Nexans S.A. (OTCMKTS:NXPRF) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 900 shares, an increase of 80.0% from the January 31st total of 500 shares. Based on an average daily trading volume, of 300 shares, the short-interest ratio is presently 3.0 days.

Nexans Price Performance

NXPRF stock remained flat at $103.90 during trading on Friday. The business’s 50 day simple moving average is $101.75 and its 200 day simple moving average is $119.61. Nexans has a 12 month low of $92.81 and a 12 month high of $147.60.

About Nexans

Nexans SA manufactures and sells cables in France, Canada, Norway, Germany, and internationally. It operates through Building & Territories, Generation & Transmission, Industry & Solutions, and Other Activities segments. The company offers cables for the energy distribution networks, as well as equipment cables for buildings.