Prysmian S.p.A. (OTCMKTS:PRYMY) Sees Significant Growth in Short Interest

Prysmian S.p.A. (OTCMKTS:PRYMY) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 52,500 shares, an increase of 525.0% from the December 15th total of 8,400 shares. Based on an average trading volume of 89,600 shares, the short-interest ratio is presently 0.6 days.

Prysmian Stock Down 2.7 %

PRYMY stock traded down $0.92 on Monday, hitting $32.84. 496,533 shares of the company’s stock were exchanged, compared to its average volume of 190,833. The firm has a 50 day moving average price of $32.75 and a two-hundred day moving average price of $33.79. Prysmian has a 12-month low of $21.60 and a 12-month high of $37.44.

About Prysmian

Prysmian S.p.A., together with its subsidiaries, produces, distributes, and sells power and telecom cables and systems, and related accessories under the Prysmian, Draka, and General Cable brands worldwide. It operates through four segments: Renewable Transmission, Power Grid, Electrification, and Digital Solutions.