Prada S.p.A. (OTCMKTS:PRDSY) Sees Significant Growth in Short Interest

Prada S.p.A. (OTCMKTS:PRDSY) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 14,700 shares, a growth of 182.7% from the December 31st total of 5,200 shares. Based on an average daily volume of 21,900 shares, the short-interest ratio is currently 0.7 days.

Prada Stock Up 2.5 %

Shares of PRDSY traded up $0.41 during midday trading on Friday, hitting $16.50. 1,487 shares of the company traded hands, compared to its average volume of 6,610. The firm has a 50 day moving average of $15.72 and a 200-day moving average of $14.68. Prada has a 52 week low of $12.02 and a 52 week high of $17.05.

Analyst Upgrades and Downgrades

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

About Prada

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.