Short Interest in Signify (OTCMKTS:PHPPY) Rises By 64.7%

Signify (OTCMKTS:PHPPY – Get Rating) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 5,600 shares, an increase of 64.7% from the April 30th total of 3,400 shares. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is currently 3.5 days.

Shares of PHPPY traded up $1.06 during trading hours on Friday, hitting $20.05. The company had a trading volume of 652 shares, compared to its average volume of 1,534. Signify has a one year low of $17.74 and a one year high of $35.70. The company’s fifty day moving average price is $21.10 and its two-hundred day moving average price is $23.18.

Separately, JPMorgan Chase & Co. upped their price target on shares of Signify from €55.00 ($58.51) to €56.00 ($59.57) in a report on Thursday, March 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $56.00.

Signify Company Profile (Get Rating)

Signify N.V. provides lighting products, systems, and services in Europe, the Americas, and internationally. The company operates through Digital Solutions, Digital Products, and Conventional Products segments. It offers light-emitting diode (LED) and conventional luminaires, systems, and services for various market segments comprising offices, commercial buildings, shops, hospitality, industry, agriculture, and outdoor environments.

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