Prysmian S.p.A. (OTCMKTS:PRYMY – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 64,043 shares, a growth of 237.9% from the September 15th total of 18,956 shares. Based on an average trading volume of 162,895 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the company’s stock are sold short.
Prysmian Stock Down 1.1%
Shares of Prysmian stock traded down $0.74 during trading on Tuesday, hitting $67.22. The company’s stock had a trading volume of 43,798 shares, compared to its average volume of 92,996. The company has a fifty day simple moving average of $71.32 and a two-hundred day simple moving average of $75.06. Prysmian has a 52 week low of $45.72 and a 52 week high of $92.89.
Wall Street Analysts Forecast Growth
PRYMY has been the subject of several research reports. Sanford C. Bernstein lowered Prysmian from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Zacks Research lowered Prysmian from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Barclays restated an “overweight” rating on shares of Prysmian in a research report on Friday, July 3rd. Berenberg Bank raised Prysmian from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Prysmian in a report on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.
About Prysmian
Prysmian S.p.A. is an Italian manufacturer of energy and telecommunications cable systems. The company develops, produces and supplies cables and related components used in power transmission and distribution, renewable energy projects, industrial applications, telecommunications networks, data centers, and infrastructure. Its offerings include high- and medium-voltage underground and submarine cables, optical-fiber and copper cables, connectivity solutions, and customized cable systems.
The company serves utilities, telecommunications operators, construction companies, industrial customers, and infrastructure developers.
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