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

Prada S.p.A. (OTCMKTS:PRDSF) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 810,700 shares, a drop of 42.7% from the August 31st total of 1,414,000 shares. Based on an average daily trading volume, of 2,200 shares, the short-interest ratio is presently 368.5 days.

Prada Price Performance

PRDSF remained flat at $6.36 during trading hours on Friday. Prada has a 1-year low of $5.11 and a 1-year high of $8.69. The firm’s 50 day moving average is $6.94 and its 200-day moving average is $7.46.

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.