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

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.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Citigroup reiterated a "buy" rating on shares of Prosus in a research note on Wednesday, June 25th. Jefferies Financial Group upgraded shares of Prosus from a "hold" rating to a "buy" rating in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat.com, Prosus has a consensus rating of "Buy".

Prosus Stock Up 0.3%

OTCMKTS PROSY traded up $0.05 on Friday, hitting $13.36. The company had a trading volume of 172,374 shares, compared to its average volume of 1,418,420. The company's fifty day moving average price is $12.10 and its 200-day moving average price is $10.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.54 and a quick ratio of 3.50. Prosus has a 12-month low of $6.76 and a 12-month high of $13.44.

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.