Short Interest in Nexans S.A. (OTCMKTS:NXPRF) Increases By 82.8%

Nexans S.A. (OTCMKTS:NXPRF) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 689 shares, an increase of 82.8% from the July 15th total of 377 shares. Based on an average daily volume of 385 shares, the short-interest ratio is presently 1.8 days.

Analyst Upgrades and Downgrades

NXPRF has been the subject of several analyst reports. BNP Paribas Exane started coverage on Nexans in a research report on Wednesday, May 6th. They set an “outperform” rating for the company. Barclays restated an “overweight” rating on shares of Nexans in a research note on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nexans in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Nexans has an average rating of “Buy”.

Nexans Stock Performance

OTCMKTS NXPRF remained flat at $149.24 during trading hours on Monday. The stock’s fifty day simple moving average is $163.71 and its 200 day simple moving average is $160.55. Nexans has a fifty-two week low of $136.79 and a fifty-two week high of $201.32.

Nexans Company Profile

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.