Short Interest in Prada S.p.A. (OTCMKTS:PRDSY) Drops By 69.5%

Prada S.p.A. (OTCMKTS:PRDSY) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 1,800 shares, a decline of 69.5% from the January 31st total of 5,900 shares. Based on an average daily volume of 3,800 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analyst Weigh In

Separately, Bank of America raised Prada from a “neutral” rating to a “buy” rating in a report on Tuesday, November 19th.

Prada Stock Down 2.5 %

OTCMKTS PRDSY traded down $0.44 during trading hours on Friday, reaching $16.86. The company’s stock had a trading volume of 8,299 shares, compared to its average volume of 5,469. Prada has a 1 year low of $12.56 and a 1 year high of $18.00. The firm’s 50-day moving average price is $16.33 and its 200-day moving average price is $15.07.

Prada Company Profile

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.