Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) Short Interest Up 151.5% in March

Key Points

• Short interest in Prosus ADR jumped 151.5% in March to 1,922,054 shares as of March 31, equal to about 0.1% of shares short and a days-to-cover ratio of 0.5.
• Zacks Research downgraded Prosus to a "strong sell" on April 6, though MarketBeat's aggregated view remains a "Moderate Buy" with three Buy and one Sell ratings.
• Prosus opened at $9.69, trading in a 12‑month range of $8.05–$14.70 with 50‑day/200‑day SMAs of $10.04/$12.00, and shows strong liquidity (quick ratio 3.62, current ratio 3.66) with low leverage (debt/equity 0.30).

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 1,922,054 shares, a growth of 151.5% from the March 15th total of 764,156 shares. Based on an average trading volume of 3,916,402 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company's stock are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Prosus from a "hold" rating to a "strong sell" rating in a research report on Monday, April 6th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Prosus presently has an average rating of "Moderate Buy".

Prosus Stock Performance

Prosus stock opened at $9.69 on Friday. Prosus has a twelve month low of $8.05 and a twelve month high of $14.70. The stock's fifty day simple moving average is $10.04 and its 200-day simple moving average is $12.00. The company has a quick ratio of 3.62, a current ratio of 3.66 and a debt-to-equity ratio of 0.30.

About Prosus

Prosus is a global consumer internet group and investment company that focuses on creating and scaling technology businesses across classifieds, food delivery, payments and fintech, education, and e‑commerce. Formed as a publicly listed entity in 2019 out of the broader Naspers organization, Prosus combines operating platforms with long‑term strategic equity investments in digital companies, seeking to capture growth in online consumer services and financial technology.

The company's portfolio includes a mix of majority‑owned operating businesses and minority stakes in high‑growth internet companies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.