Puma Se (OTCMKTS:PUMSY) Sees Large Increase in Short Interest

Puma Se (OTCMKTS:PUMSY) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 37,355 shares, an increase of 376.8% from the December 31st total of 7,835 shares. Based on an average daily volume of 80,361 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 80,361 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Citigroup reiterated a “neutral” rating on shares of Puma in a report on Thursday, December 11th. BNP Paribas Exane upgraded Puma from an “underperform” rating to a “neutral” rating in a report on Tuesday, September 30th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Puma Stock Up 11.2%

Shares of OTCMKTS PUMSY opened at $2.78 on Wednesday. Puma has a twelve month low of $1.71 and a twelve month high of $3.35. The stock has a fifty day simple moving average of $2.40 and a 200-day simple moving average of $2.32.

Puma Company Profile

Puma SE (OTCMKTS:PUMSY) is a German multinational company that designs, develops, markets and sells athletic and casual footwear, apparel and accessories. Founded in 1948 by Rudolf Dassler in Herzogenaurach, Germany, Puma has grown into one of the world’s leading sportswear brands. The company’s product portfolio spans performance-driven footwear for running, football and training, as well as sport-inspired lifestyle shoes and apparel. Complementary offerings include teamwear, bags, socks, headwear and various sports equipment.

Puma distributes its products through a diversified network of retail channels, including direct-to-consumer stores, e-commerce platforms, wholesale partners and licensed distributors.