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

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

Prada Stock Performance

Shares of PRDSF stock remained flat at $7.63 on Tuesday. 13,588 shares of the company traded hands, compared to its average volume of 4,426. Prada has a fifty-two week low of $5.16 and a fifty-two week high of $8.69. The business has a fifty day simple moving average of $7.35 and a 200 day simple moving average of $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.