Prada S.p.A. (OTCMKTS:PRDSY – Get Rating) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totalling 700 shares, a decline of 22.2% from the June 30th total of 900 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is presently 1.4 days.
Prada Stock Performance
PRDSY stock traded down $0.22 during midday trading on Tuesday, hitting $11.23. The company's stock had a trading volume of 1,174 shares, compared to its average volume of 2,163. Prada has a 12 month low of $9.27 and a 12 month high of $16.20. The firm's 50-day moving average is $11.14 and its 200-day moving average is $11.57.
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Separately, The Goldman Sachs Group cut Prada from a "buy" rating to a "neutral" rating in a research report on Monday, June 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $58.00.
About Prada
(Get Rating)Prada S.p.A., together with its subsidiaries, designs, produces, and distributes leather goods, handbags, footwear, apparel, and accessories in Europe, the Americas, the Asia Pacific, Japan, the Middle East, and Africa. It offers its products under the Prada, Miu Miu, Church's, and Car Shoe brands.
Further Reading
- Get a free copy of the StockNews.com research report on Prada (PRDSY)
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