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

Prada S.p.A. (OTCMKTS:PRDSF) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 55,700 shares, a decline of 42.9% from the September 30th total of 97,500 shares. Based on an average trading volume of 600 shares, the short-interest ratio is currently 92.8 days.

Prada Price Performance

PRDSF stock remained flat at $7.21 during midday trading on Friday. The business has a 50 day moving average of $6.93 and a two-hundred day moving average of $7.36. Prada has a one year low of $5.11 and a one year high of $8.69.

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.