Nexans S.A. (OTCMKTS:NXPRF) Short Interest Down 60.6% in June

Nexans S.A. (OTCMKTS:NXPRF) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 1,300 shares, a decline of 60.6% from the May 31st total of 3,300 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 13.0 days.

Nexans Stock Performance

Shares of NXPRF stock remained flat at $116.66 during midday trading on Friday. Nexans has a 52 week low of $69.08 and a 52 week high of $116.66. The company’s fifty day moving average price is $109.43 and its 200-day moving average price is $100.22.

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.