Nexans S.A. (OTCMKTS:NXPRF – Get Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 689 shares, an increase of 82.8% from the July 15th total of 377 shares. Based on an average daily volume of 385 shares, the short-interest ratio is presently 1.8 days.
Nexans Price Performance
Shares of Nexans stock opened at $149.24 on Friday. Nexans has a 1 year low of $136.79 and a 1 year high of $201.32. The stock has a fifty day moving average price of $163.71 and a 200-day moving average price of $160.43.
Analyst Ratings Changes
NXPRF has been the topic of a number of research analyst reports. BNP Paribas Exane began coverage on shares of Nexans in a research report on Wednesday, May 6th. They set an “outperform” rating on the stock. Barclays reaffirmed an “overweight” rating on shares of Nexans in a research report on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nexans in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.
About Nexans
Nexans is a global leader in the design, manufacturing and distribution of cable and connectivity solutions. The company develops a broad portfolio of copper and optical‐fiber cables for power transmission, telecommunications and data networks, as well as specialty cables for transportation, industry and renewable energy applications. Its product range includes low-, medium- and high-voltage power cables, submarine cables for offshore wind and interconnections, building wires, and fiber-optic systems for high-speed communications.
Established in 2000 following a demerger from the cable activities of Alcatel, Nexans traces its origins to more than a century of technological innovation in wire and cable engineering.
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