Nexans S.A. (OTCMKTS:NXPRF) Sees Large Growth in Short Interest

Nexans S.A. (OTCMKTS:NXPRF) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 73,811 shares, an increase of 283.2% from the March 15th total of 19,261 shares. Based on an average trading volume of 362 shares, the short-interest ratio is presently 203.9 days.

Nexans Stock Performance

Shares of NXPRF stock opened at $140.00 on Monday. The firm has a fifty day moving average price of $149.99 and a 200 day moving average price of $147.17. Nexans has a 12 month low of $83.10 and a 12 month high of $171.77.

About Nexans

Nexans is a global leader in the design, manufacturing and distribution of cable and connectivity solutions. The company develops a broad portfolio of copper and optical‐fiber cables for power transmission, telecommunications and data networks, as well as specialty cables for transportation, industry and renewable energy applications. Its product range includes low-, medium- and high-voltage power cables, submarine cables for offshore wind and interconnections, building wires, and fiber-optic systems for high-speed communications.

Established in 2000 following a demerger from the cable activities of Alcatel, Nexans traces its origins to more than a century of technological innovation in wire and cable engineering.