Prada S.p.A. (OTCMKTS:PRDSY) Sees Significant Decrease in Short Interest

Prada S.p.A. (OTCMKTS:PRDSYGet Rating) was the target of a large drop in short interest in May. As of May 31st, there was short interest totalling 600 shares, a drop of 25.0% from the May 15th total of 800 shares. Based on an average daily trading volume, of 1,200 shares, the short-interest ratio is presently 0.5 days.

Shares of Prada stock opened at $10.79 on Wednesday. The company has a 50 day moving average price of $11.74 and a 200 day moving average price of $12.00. Prada has a 52 week low of $9.27 and a 52 week high of $16.20.

A number of analysts have recently weighed in on PRDSY shares. The Goldman Sachs Group cut shares of Prada from a “buy” rating to a “neutral” rating in a report on Monday. AlphaValue raised shares of Prada to a “reduce” rating in a research report on Wednesday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $57.70.

Prada Company Profile (Get Rating)

Prada S.p.A., together with its subsidiaries, designs, produces, and distributes leather goods, handbags, footwear, apparel, and accessories in Europe, the Americas, the Asia Pacific, Japan, the Middle East, and Africa. It offers its products under the Prada, Miu Miu, Church's, and Car Shoe brands.

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