Short Interest in Prada S.p.A. (OTCMKTS:PRDSY) Increases By 17.4%

Prada S.p.A. (OTCMKTS:PRDSY) saw a large increase in short interest during 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 short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

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

Prada Trading Up 0.9 %

OTCMKTS:PRDSY traded up $0.14 during midday trading on Monday, reaching $16.35. 12,400 shares of the stock traded hands, compared to its average volume of 5,796. Prada has a 12 month low of $10.15 and a 12 month high of $17.05. The company has a fifty day moving average of $14.53 and a 200 day moving average of $14.50.

Prada Company Profile

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.