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

Signify (OTCMKTS:PHPPYGet 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

(Get Rating)

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.

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