Signify (OTCMKTS:PHPPY) Short Interest Up 28.6% in December

Signify (OTCMKTS:PHPPY – Get Rating) was the target of a significant increase in short interest in December. As of December 30th, there was short interest totalling 900 shares, an increase of 28.6% from the December 15th total of 700 shares. Based on an average trading volume of 700 shares, the short-interest ratio is presently 1.3 days.

Signify Stock Down 0.8 %

OTCMKTS:PHPPY opened at $17.95 on Friday. Signify has a fifty-two week low of $11.83 and a fifty-two week high of $27.60. The stock’s 50-day moving average is $17.15 and its two-hundred day moving average is $15.72.

Analyst Ratings Changes

PHPPY has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Signify from €35.00 ($38.04) to €32.00 ($34.78) and set an “equal weight” rating on the stock in a report on Tuesday, January 17th. JPMorgan Chase & Co. reduced their target price on Signify from €43.00 ($46.74) to €40.00 ($43.48) in a report on Tuesday, November 1st.

Signify Company Profile

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Signify N.V. provides lighting products, systems, and services in Europe, the Americas, and internationally. The company operates through Digital Solutions, Digital Products, and Conventional Products segments. It offers light-emitting diode (LED) and conventional luminaires, systems, and services for various market segments comprising offices, commercial buildings, shops, hospitality, industry, agriculture, and outdoor environments.