Short Interest in Nexans S.A. (OTCMKTS:NXPRF) Increases By 631.3%

Nexans S.A. (OTCMKTS:NXPRF) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 11,700 shares, an increase of 631.3% from the October 31st total of 1,600 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is presently 58.5 days.

Nexans Price Performance

OTCMKTS:NXPRF remained flat at $107.20 on Wednesday. 2 shares of the company’s stock were exchanged, compared to its average volume of 423. Nexans has a 52-week low of $79.67 and a 52-week high of $147.60. The stock’s fifty day simple moving average is $135.45 and its two-hundred day simple moving average is $124.81.

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.