Prada S.p.A. (OTCMKTS:PRDSF) Sees Large Decrease in Short Interest

Prada S.p.A. (OTCMKTS:PRDSF) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 81,500 shares, a decline of 60.3% from the October 31st total of 205,100 shares. Based on an average trading volume of 4,500 shares, the days-to-cover ratio is presently 18.1 days.

Prada Price Performance

Shares of PRDSF remained flat at $6.92 during trading on Thursday. The business has a fifty day simple moving average of $7.02 and a two-hundred day simple moving average of $7.26. Prada has a 52 week low of $5.16 and a 52 week high of $8.69.

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.