Prada S.p.A. (OTCMKTS:PRDSY) Short Interest Update

Prada S.p.A. (OTCMKTS:PRDSY) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 1,800 shares, a decline of 69.5% from the January 31st total of 5,900 shares. Based on an average trading volume of 3,800 shares, the days-to-cover ratio is presently 0.5 days.

Prada Stock Down 0.6 %

Shares of OTCMKTS PRDSY traded down $0.10 during midday trading on Friday, hitting $17.30. The stock had a trading volume of 1,305 shares, compared to its average volume of 5,389. Prada has a fifty-two week low of $12.56 and a fifty-two week high of $18.00. The company’s 50-day simple moving average is $16.31 and its 200 day simple moving average is $15.05.

Wall Street Analyst Weigh In

Separately, Bank of America upgraded Prada from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 19th.

Prada Company Profile

Prada S.p.A. designs, produces, and distributes leather goods, footwear, and ready to wear products worldwide. The company offers its products under the Prada, Miu Miu, Church’s, and Car Shoe brands. It operates in food sector under the Marchesi 1824 brand, as well as sailing races business under Luna Rossa brand name; eyewear and fragrances sector under licensing agreements; and engages in the real estate business.