Short Interest in Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) Rises By 102.4%

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 significant 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 short-interest ratio is presently 0.8 days. Based on an average daily volume of 1,009,500 shares, the short-interest ratio is presently 0.8 days.

Analysts Set New Price Targets

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

Prosus Trading Up 0.3%

Shares of Prosus stock traded up $0.03 during trading on Thursday, hitting $11.81. 938,815 shares of the company were exchanged, compared to its average volume of 689,505. 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. The firm has a 50 day moving average price of $11.15 and a 200 day moving average price of $9.74.

Prosus Company Profile

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.