Prada S.p.A. (OTCMKTS:PRDSF) Sees Significant Drop in Short Interest

Prada S.p.A. (OTCMKTS:PRDSF) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 810,700 shares, a decline of 42.7% from the August 31st total of 1,414,000 shares. Based on an average daily volume of 2,200 shares, the short-interest ratio is currently 368.5 days.

Prada Stock Performance

Shares of OTCMKTS:PRDSF remained flat at $6.36 during trading hours on Friday. The stock’s fifty day simple moving average is $6.94 and its 200-day simple moving average is $7.46. Prada has a 52 week low of $5.11 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.