Short Interest in Puma Se (OTCMKTS:PUMSY) Increases By 89.6%

Puma Se (OTCMKTS:PUMSY) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 38,100 shares, an increase of 89.6% from the September 30th total of 20,100 shares. Based on an average trading volume of 58,300 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 58,300 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analyst Weigh In

PUMSY has been the subject of several analyst reports. Baader Bank cut shares of Puma from a “buy” rating to a “reduce” rating in a research note on Wednesday, July 30th. Sanford C. Bernstein initiated coverage on shares of Puma in a research note on Thursday, September 11th. They issued an “outperform” rating for the company. BNP Paribas raised shares of Puma from an “underperform” rating to a “neutral” rating in a research note on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft cut shares of Puma from a “buy” rating to a “hold” rating in a research note on Monday, July 28th. Finally, UBS Group raised shares of Puma to a “neutral” rating in a research note on Monday, September 1st. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Puma Trading Down 2.8%

Puma stock opened at $2.08 on Friday. Puma has a 52-week low of $1.94 and a 52-week high of $5.00. The company’s 50 day moving average is $2.40 and its two-hundred day moving average is $2.42.

Puma Company Profile

PUMA SE, together with its subsidiaries, engages in the development and sale of athletic footwear, apparel, and accessories in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company provides sports lifestyle products for football, handball, rugby, cricket, volleyball, track and field, motorsports, golf, and basketball.