Nexans S.A. (OTCMKTS:NXPRF) Short Interest Down 37.8% in January

Nexans S.A. (OTCMKTS:NXPRF) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 2,300 shares, a decrease of 37.8% from the December 31st total of 3,700 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 23.0 days.

Nexans Price Performance

OTCMKTS NXPRF remained flat at $96.77 on Wednesday. The firm’s fifty day simple moving average is $107.81 and its two-hundred day simple moving average is $123.48. Nexans has a one year low of $87.15 and a one year high of $147.60.

About Nexans

Nexans SA manufactures and sells cables in France, Canada, Norway, Germany, and internationally. It operates through Building & Territories, Generation & Transmission, Industry & Solutions, and Other Activities segments. The company offers cables for the energy distribution networks, as well as equipment cables for buildings.