Nexans S.A. (OTCMKTS:NXPRF) Sees Large Increase in Short Interest

Nexans S.A. (OTCMKTS:NXPRF) saw a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 3,300 shares, a growth of 57.1% from the May 15th total of 2,100 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 16.5 days.

Nexans Price Performance

OTCMKTS NXPRF opened at $108.30 on Friday. Nexans has a 1 year low of $69.08 and a 1 year high of $125.05. The business’s 50-day moving average is $107.67 and its 200 day moving average is $97.89.

Nexans Company Profile

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.