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

Prada S.p.A. (OTCMKTS:PRDSF) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 66,300 shares, a drop of 18.7% from the November 15th total of 81,500 shares. Based on an average daily volume of 4,500 shares, the days-to-cover ratio is currently 14.7 days.

Prada Price Performance

PRDSF stock remained flat at $7.74 during trading on Monday. 101 shares of the company’s stock traded hands, compared to its average volume of 4,471. The firm’s 50 day moving average price is $7.21 and its two-hundred day moving average price is $7.20. Prada has a 12-month low of $5.16 and a 12-month 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.