Prada S.p.A. (OTCMKTS:PRDSY) Short Interest Down 62.9% in March

Prada S.p.A. (OTCMKTS:PRDSY) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 697 shares, a decrease of 62.9% from the February 26th total of 1,877 shares. Based on an average trading volume of 22,252 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 22,252 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PRDSY. Barclays initiated coverage on shares of Prada in a report on Tuesday, January 13th. They set an “overweight” rating for the company. UBS Group cut Prada from a “buy” rating to a “neutral” rating in a report on Friday, November 28th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Prada Price Performance

OTCMKTS:PRDSY opened at $9.75 on Wednesday. The stock has a 50-day simple moving average of $10.45 and a two-hundred day simple moving average of $11.30. Prada has a 52-week low of $9.27 and a 52-week high of $15.10.

Prada Company Profile

Prada S.p.A. is an Italian luxury fashion house renowned for its high-end leather goods, ready-to-wear collections and accessories. Founded in 1913 by Mario Prada in Milan, the company has built a reputation for craftsmanship and understated elegance. Its product portfolio spans handbags, small leather goods, footwear, eyewear and fragrances, all designed to reflect a blend of traditional techniques and contemporary sensibilities.

The company distributes its products through a network of directly operated boutiques, franchise stores and e-commerce platforms.