Prysmian S.p.A. (OTCMKTS:PRYMY – Get Free Report) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 4,100 shares, a decline of 55.9% from the May 31st total of 9,300 shares. Based on an average trading volume of 54,800 shares, the short-interest ratio is currently 0.1 days.
Prysmian Stock Down 0.9 %
OTCMKTS PRYMY traded down $0.29 during trading hours on Friday, reaching $30.92. The company’s stock had a trading volume of 13,587 shares, compared to its average volume of 29,968. Prysmian has a 1 year low of $17.64 and a 1 year high of $32.91. The firm’s 50-day moving average price is $30.33 and its 200-day moving average price is $26.17.
Prysmian Increases Dividend
The business also recently announced a dividend, which was paid on Wednesday, May 8th. Investors of record on Thursday, April 25th were given a dividend of $0.2253 per share. This is a positive change from Prysmian’s previous dividend of $0.20. The ex-dividend date was Wednesday, April 24th. Prysmian’s dividend payout ratio is currently 34.59%.
About Prysmian
Prysmian S.p.A., together with its subsidiaries, produces, distributes, and sells power and telecom cables and systems, and related accessories under the Prysmian, Draka, and General Cable brands worldwide. It operates through four segments: Renewable Transmission, Power Grid, Electrification, and Digital Solutions.
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