Prada S.p.A. (OTCMKTS:PRDSY) Short Interest Up 17.4% in November

Prada S.p.A. (OTCMKTS:PRDSY) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 2,700 shares, an increase of 17.4% from the November 15th total of 2,300 shares. Based on an average daily volume of 23,300 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Bank of America raised Prada from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 19th.

Prada Stock Performance

Shares of OTCMKTS PRDSY traded up $0.14 during trading on Friday, reaching $16.35. 12,409 shares of the company traded hands, compared to its average volume of 5,796. The firm has a 50 day simple moving average of $14.53 and a 200-day simple moving average of $14.52. Prada has a 52-week low of $10.15 and a 52-week high of $17.05.

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.