Prada S.p.A. (OTCMKTS:PRDSY – Get Rating) was the recipient of a large decline in short interest in the month of 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 trading volume of 500 shares, the short-interest ratio is presently 1.4 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of Prada from a "buy" rating to a "neutral" rating in a research note on Monday, June 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $58.00.

Prada Stock Up 0.1 %

PRDSY stock traded up $0.01 during mid-day trading on Wednesday, hitting $11.24. The company had a trading volume of 201 shares, compared to its average volume of 2,121. The company has a 50-day moving average price of $11.13 and a 200 day moving average price of $11.56. Prada has a 12-month low of $9.27 and a 12-month high of $15.57.

Prada Company Profile

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.

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