Pandora A/S (OTCMKTS:PANDY) Sees Significant Growth in Short Interest

Pandora A/S (OTCMKTS:PANDY) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 11,600 shares, an increase of 673.3% from the October 31st total of 1,500 shares. Based on an average trading volume of 16,300 shares, the days-to-cover ratio is currently 0.7 days.

Pandora A/S Stock Performance

PANDY traded up $0.44 on Wednesday, hitting $39.75. 3,976 shares of the company were exchanged, compared to its average volume of 6,180. Pandora A/S has a 12 month low of $32.85 and a 12 month high of $44.92. The stock’s fifty day moving average is $39.32 and its 200-day moving average is $39.79.

Analyst Ratings Changes

Separately, Citigroup raised Pandora A/S to a “strong-buy” rating in a research note on Wednesday, October 2nd.

Pandora A/S Company Profile

Pandora A/S engages in the design, manufacture, and marketing of hand-finished and contemporary jewelry. The company operates in two segments, Core and Fuel With More. It offers charms, bracelets, rings, earrings, necklaces, and pendants. The company sells its products through physical stores, online stores, and wholesale and third-party distribution in Denmark, the United States, China, the United Kingdom, Italy, Australia, France, Germany, Spain, Mexico, and internationally.