Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) Short Interest Down 63.8% in March

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 6,983 shares, a decline of 63.8% from the March 15th total of 19,299 shares. Based on an average trading volume of 91,887 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MONRY shares. Kepler Capital Markets raised Moncler from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Barclays reaffirmed an “overweight” rating on shares of Moncler in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Moncler Price Performance

Shares of Moncler stock traded down $2.01 during midday trading on Monday, reaching $61.83. The company had a trading volume of 9,599 shares, compared to its average volume of 29,592. Moncler has a fifty-two week low of $53.24 and a fifty-two week high of $70.16. The stock has a fifty day moving average price of $61.94 and a 200 day moving average price of $62.57.

About Moncler

Moncler S.p.A. is an Italian luxury fashion house best known for its high-end down jackets and skiwear. Established in 1952 in Monestier-de-Clermont, near Grenoble, France, the company has built a strong reputation for combining technical performance with refined aesthetics. Its core product lineup includes insulated jackets, vests, coats, knitwear, footwear and accessories, all designed to withstand extreme weather while meeting the standards of high fashion.

Originally founded by René Ramillon and André Vincent as a maker of quilted sleeping bags and tents, Moncler gradually shifted focus to outerwear for mountain sports.