Pandora A/S (OTCMKTS:PANDY) Sees Significant Drop in Short Interest

Pandora A/S (OTCMKTS:PANDY) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 2,400 shares, a decline of 64.7% from the September 30th total of 6,800 shares. Based on an average daily trading volume, of 16,700 shares, the days-to-cover ratio is currently 0.1 days.

Pandora A/S Price Performance

OTCMKTS:PANDY traded up $0.98 on Friday, reaching $37.93. 8,226 shares of the company’s stock were exchanged, compared to its average volume of 5,848. The stock has a fifty day simple moving average of $41.39 and a 200-day simple moving average of $39.94. Pandora A/S has a 52 week low of $27.70 and a 52 week high of $44.92.

Pandora A/S (OTCMKTS:PANDY) last released its quarterly earnings data on Monday, August 12th. The company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $977.04 million during the quarter.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded Pandora A/S to a “strong-buy” rating in a research note on Wednesday, October 2nd.

Pandora A/S Company Profile

Pandora A/S engages in the design, manufacture, and marketing of hand-finished and contemporary jewelry. The company operates in two segments, Core and Fuel With More. It offers charms, bracelets, rings, earrings, necklaces, and pendants. The company sells its products through physical stores, online stores, and wholesale and third-party distribution in Denmark, the United States, China, the United Kingdom, Italy, Australia, France, Germany, Spain, Mexico, and internationally.