Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) Sees Large Growth in Short Interest

Key Points

• Prosus N.V. experienced a significant increase in short interest, rising by 102.4% from June to July, reaching a total of 782,900 shares as of July 15th.
• The stock opened at $11.48 on a recent trading day, with a 52-week low of $6.68 and a high of $12.33.
• Citigroup has restated a "buy" rating for Prosus, indicating continued optimism about its stock performance.

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY - Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 782,900 shares, anincreaseof102.4% from the June 30th total of 386,900 shares. Based on an average daily volume of 1,009,500 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 1,009,500 shares, the days-to-cover ratio is presently 0.8 days.

Prosus Trading Down 0.2%

Prosus stock traded down $0.02 during trading hours on Friday, hitting $11.79. The stock had a trading volume of 301,198 shares, compared to its average volume of 717,942. The company has a 50-day moving average of $11.18 and a two-hundred day moving average of $9.77. The company has a current ratio of 3.54, a quick ratio of 3.50 and a debt-to-equity ratio of 0.29. Prosus has a fifty-two week low of $6.76 and a fifty-two week high of $12.33.

Analysts Set New Price Targets

Separately, Citigroup reaffirmed a "buy" rating on shares of Prosus in a report on Wednesday, June 25th.

About Prosus

Prosus N.V. engages in the e-commerce and internet businesses in Asia, Europe, Latin America, North America, and internationally. It operates internet platforms, such as classifieds, payments and fintech, food delivery, education technology, etail, ventures, social, and other internet platforms. The company was formerly known as Myriad International Holdings N.V.