Nexans S.A. (OTCMKTS:NXPRF) Short Interest Update

Nexans S.A. (OTCMKTS:NXPRF) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 581 shares, a decrease of 42.3% from the June 15th total of 1,007 shares. Based on an average daily volume of 148 shares, the short-interest ratio is currently 3.9 days.

Nexans Stock Performance

Shares of Nexans stock remained flat at $154.92 on Friday. The stock’s 50-day moving average price is $179.99 and its 200 day moving average price is $159.64. Nexans has a one year low of $136.79 and a one year high of $201.32.

Analysts Set New Price Targets

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

Nexans Company Profile

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.