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Short Interest in Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) Decreases By 34.8%

Prosus logo with Retail/Wholesale background

Key Points

  • The short interest in Prosus N.V. Sponsored ADR (OTCMKTS:PROSY) decreased by 34.8% in August, falling from 484,900 shares to 316,200 shares.
  • Brokerages have recently issued a consensus Buy rating for Prosus, with notable upgrades from Citigroup and Jefferies Financial Group.
  • Prosus has shown strong stock performance, with its price reaching a 1-year high of $12.84 and a 50-day moving average of $11.93.
  • MarketBeat previews top five stocks to own in October.

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY - Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 316,200 shares, a decrease of 34.8% from the August 15th total of 484,900 shares. Based on an average daily trading volume, of 1,113,100 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company's stock are short sold. Currently, 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 1,113,100 shares, the short-interest ratio is currently 0.3 days.

Prosus Stock Performance

Shares of OTCMKTS:PROSY opened at $12.84 on Monday. The firm has a fifty day moving average price of $11.93 and a 200 day moving average price of $10.50. 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 1-year low of $6.76 and a 1-year high of $12.84.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PROSY. Citigroup reaffirmed a "buy" rating on shares of Prosus in a research note on Wednesday, June 25th. Jefferies Financial Group raised shares of Prosus from a "hold" rating to a "buy" rating in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, Prosus presently has a consensus rating of "Buy".

Read Our Latest Analysis on Prosus

About Prosus

(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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