Short Interest in Prada S.p.A. (OTCMKTS:PRDSY) Declines By 61.3%

Prada S.p.A. (OTCMKTS:PRDSY) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 3,250 shares, a decrease of 61.3% from the July 15th total of 8,394 shares. Based on an average daily trading volume, of 48,925 shares, the short-interest ratio is presently 0.1 days.

Prada Trading Down 0.8%

OTCMKTS PRDSY opened at $10.54 on Friday. The company’s 50 day simple moving average is $10.17 and its 200 day simple moving average is $9.98. Prada has a 12 month low of $8.90 and a 12 month high of $12.96.

About Prada

Prada S.p.A. is an Italian luxury fashion house renowned for its high-end leather goods, ready-to-wear collections and accessories. Founded in 1913 by Mario Prada in Milan, the company has built a reputation for craftsmanship and understated elegance. Its product portfolio spans handbags, small leather goods, footwear, eyewear and fragrances, all designed to reflect a blend of traditional techniques and contemporary sensibilities.

The company distributes its products through a network of directly operated boutiques, franchise stores and e-commerce platforms.