Short Interest in Prada S.p.A. (OTCMKTS:PRDSF) Drops By 14.6%

Prada S.p.A. (OTCMKTS:PRDSF) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 56,600 shares, a drop of 14.6% from the November 30th total of 66,300 shares. Based on an average trading volume of 700 shares, the days-to-cover ratio is currently 80.9 days.

Prada Stock Down 5.2 %

OTCMKTS PRDSF traded down $0.42 during trading hours on Friday, reaching $7.63. The company’s stock had a trading volume of 100 shares, compared to its average volume of 4,426. Prada has a 1 year low of $5.16 and a 1 year high of $8.69. The firm’s 50-day moving average price is $7.34 and its 200-day moving average price is $7.18.

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.