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Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) Short Interest Down 45.4% in July

Prosus logo with Retail/Wholesale background

Key Points

  • Prosus N.V. experienced a significant decrease in short interest, falling 45.4% to 427,200 shares as of July 31st.
  • Citigroup reaffirmed a "buy" rating for Prosus shares in June, highlighting positive analyst sentiment towards the company.
  • The stock is currently trading at $12.34, with a 52-week range between $6.76 and $12.49, indicating potential for growth.
  • Interested in Prosus? Here are five stocks we like better.

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY - Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 427,200 shares, adecreaseof45.4% from the July 15th total of 782,900 shares. Currently,0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,338,500 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 1,338,500 shares, the short-interest ratio is presently 0.3 days. Currently,0.0% of the shares of the stock are short sold.

Prosus Stock Performance

Shares of Prosus stock traded up $0.30 during mid-day trading on Friday, hitting $12.49. The stock had a trading volume of 1,039,203 shares, compared to its average volume of 609,560. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.50 and a current ratio of 3.54. The firm has a 50-day moving average of $11.50 and a two-hundred day moving average of $10.09. Prosus has a 12-month low of $6.76 and a 12-month high of $12.58.

Analysts Set New Price Targets

Separately, Citigroup reissued a "buy" rating on shares of Prosus in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Strong Buy".

Read Our Latest Stock Analysis on PROSY

Prosus Company Profile

(Get Free Report)

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.

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