Short Interest in Nexans S.A. (OTCMKTS:NXPRF) Declines By 35.1%

Nexans S.A. (OTCMKTS:NXPRF) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 377 shares, a decrease of 35.1% from the June 30th total of 581 shares. Based on an average trading volume of 56 shares, the short-interest ratio is currently 6.7 days.

Nexans Price Performance

Shares of OTCMKTS NXPRF remained flat at $149.24 during mid-day trading on Friday. Nexans has a twelve month low of $136.79 and a twelve month high of $201.32. The stock’s 50-day simple moving average is $171.56 and its 200 day simple moving average is $160.24.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NXPRF shares. Barclays restated an “overweight” rating on shares of Nexans in a report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nexans in a research report on Thursday, April 30th. Finally, BNP Paribas Exane assumed coverage on shares of Nexans in a research note on Wednesday, May 6th. They issued an “outperform” rating for the company. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

About Nexans

Nexans is a global leader in the design, manufacturing and distribution of cable and connectivity solutions. The company develops a broad portfolio of copper and optical?fiber cables for power transmission, telecommunications and data networks, as well as specialty cables for transportation, industry and renewable energy applications. Its product range includes low-, medium- and high-voltage power cables, submarine cables for offshore wind and interconnections, building wires, and fiber-optic systems for high-speed communications.

Established in 2000 following a demerger from the cable activities of Alcatel, Nexans traces its origins to more than a century of technological innovation in wire and cable engineering.