Puma Se (OTCMKTS:PUMSY) Stock Short Interest Drops 58.0%

Puma Se (OTCMKTS:PUMSY) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 2,506 shares, a decrease of 58.0% from the September 15th total of 5,962 shares. Based on an average daily volume of 14,175 shares, the short-interest ratio is currently 0.2 days.

Puma Stock Up 1.2%

OTCMKTS PUMSY traded up $0.03 during mid-day trading on Tuesday, hitting $2.57. The stock had a trading volume of 1,601 shares, compared to its average volume of 23,199. The firm’s 50 day moving average is $2.71 and its 200 day moving average is $2.90. Puma has a twelve month low of $1.71 and a twelve month high of $3.46.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of Puma in a research note on Monday, October 5th. Santander began coverage on Puma in a research note on Friday, June 26th. They set a “neutral” rating for the company. HSBC upgraded Puma to a “buy” rating in a research note on Tuesday, June 16th. Finally, Benchmark raised Puma to a “hold” rating in a report on Tuesday, September 22nd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Puma currently has a consensus rating of “Hold”.

About Puma

PUMA SE is a German sporting goods company that designs, develops, markets and sells athletic and casual footwear, apparel and accessories. Its product portfolio serves a range of sports and lifestyle categories, including football, running, training, basketball, golf and motorsport, while also encompassing fashion-oriented products that combine athletic design with everyday wear.

The company sells its products under the PUMA brand through a combination of wholesale partners, company-operated and franchised stores, and digital commerce channels.