Nexans S.A. (OTCMKTS:NXPRF) Sees Large Growth in Short Interest

Nexans S.A. (OTCMKTS:NXPRF) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 900 shares, an increase of 80.0% from the January 31st total of 500 shares. Based on an average daily trading volume, of 300 shares, the days-to-cover ratio is currently 3.0 days.

Nexans Price Performance

Shares of NXPRF stock opened at $103.90 on Tuesday. The stock has a 50 day simple moving average of $101.58 and a 200-day simple moving average of $119.27. Nexans has a 1-year low of $92.81 and a 1-year high of $147.60.

About Nexans

Nexans SA manufactures and sells cables in France, Canada, Norway, Germany, and internationally. It operates through Building & Territories, Generation & Transmission, Industry & Solutions, and Other Activities segments. The company offers cables for the energy distribution networks, as well as equipment cables for buildings.