Short Interest in Piaggio & C. SpA (OTCMKTS:PIAGF) Grows By 30.8%

Piaggio & C. SpA (OTCMKTS:PIAGF – Get Rating) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 385,000 shares, an increase of 30.8% from the March 31st total of 294,400 shares. Based on an average daily trading volume, of 2,500 shares, the days-to-cover ratio is currently 154.0 days.

PIAGF traded up 0.02 on Monday, reaching 2.44. The company’s stock had a trading volume of 2,002 shares, compared to its average volume of 1,344. The business has a 50 day simple moving average of 2.70. Piaggio & C. has a fifty-two week low of 2.40 and a fifty-two week high of 4.30.

PIAGF has been the subject of a number of analyst reports. Berenberg Bank initiated coverage on Piaggio & C. in a research report on Thursday, April 21st. They set a “buy” rating for the company. Kepler Capital Markets raised Piaggio & C. from a “hold” rating to a “buy” rating in a research report on Thursday, March 3rd.

About Piaggio & C. (Get Rating)

Piaggio & C. SpA, together with its subsidiaries, develops, manufactures, and distributes two-wheeler and commercial motor vehicles. The company provides two-wheelers, including scooters, motorcycles, and mopeds, as well as related spare parts and accessories under the Piaggio, Vespa, Aprilia, Moto Guzzi, Gilera, Derbi, and Scarabeo brands.

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