Could PARROT SA ORDINARY SHARES FRANCE (OTCMKTS:PAOTF) See a Reversal After More Sellers Came In?

August 9, 2018 - By Richard Slagle

Parrot S.A. (OTCMKTS:PAOTF) Logo

The stock of PARROT SA ORDINARY SHARES FRANCE (OTCMKTS:PAOTF) registered an increase of 62.83% in short interest. PAOTF’s total short interest was 161,200 shares in August as published by FINRA. Its up 62.83% from 99,000 shares, reported previously. With 1,500 shares average volume, it will take short sellers 108 days to cover their PAOTF’s short positions. The short interest to PARROT SA ORDINARY SHARES FRANCE’s float is 0.93%.

The stock increased 3.75% or $0.19 during the last trading session, reaching $5.25. About shares traded. Parrot S.A. (OTCMKTS:PAOTF) has 0.00% since August 9, 2017 and is . It has underperformed by 12.57% the S&P500.

Parrot S.A. creates, develops, and markets consumer technology products for smartphones and tablets worldwide. The company has market cap of $161.89 million. It operates through four divisions: Automotive, Drones, Connected Devices, and Other. It currently has negative earnings. It provides consumer drones, including mini, AR, and bebop drones; commercial drones; handsfree kits, plug and plays, and infotainment products; Bluetooth, digital music, and infotainment solutions; and audio products and connected devices.

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