Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) Short Interest Up 151.5% in March

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 1,922,054 shares, an increase of 151.5% from the March 15th total of 764,156 shares. Based on an average daily trading volume, of 3,916,402 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Prosus from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Prosus has an average rating of “Moderate Buy”.

Prosus Trading Up 1.1%

Shares of Prosus stock opened at $9.80 on Tuesday. The company’s 50 day moving average is $10.00 and its 200 day moving average is $11.96. Prosus has a twelve month low of $8.36 and a twelve month high of $14.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.62 and a current ratio of 3.66.

About Prosus

Prosus is a global consumer internet group and investment company that focuses on creating and scaling technology businesses across classifieds, food delivery, payments and fintech, education, and e‑commerce. Formed as a publicly listed entity in 2019 out of the broader Naspers organization, Prosus combines operating platforms with long‑term strategic equity investments in digital companies, seeking to capture growth in online consumer services and financial technology.

The company’s portfolio includes a mix of majority‑owned operating businesses and minority stakes in high‑growth internet companies.