Short Interest in Prada S.p.A. (OTCMKTS:PRDSF) Increases By 51.5%

Prada S.p.A. (OTCMKTS:PRDSF) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 30,900 shares, a growth of 51.5% from the January 31st total of 20,400 shares. Based on an average daily volume of 7,000 shares, the days-to-cover ratio is currently 4.4 days.

Prada Stock Performance

Shares of OTCMKTS PRDSF opened at $8.24 on Monday. The business’s 50 day moving average is $8.08 and its 200-day moving average is $7.44. Prada has a 1-year low of $6.31 and a 1-year high of $8.90.

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.