Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) Short Interest Update

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 149 shares, a drop of 82.3% from the June 15th total of 841 shares. Based on an average daily trading volume, of 44,800 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citigroup reaffirmed a “buy” rating on shares of Moncler in a research report on Friday, April 24th. Morgan Stanley initiated coverage on Moncler in a research note on Tuesday, June 23rd. They issued an “equal weight” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Moncler Price Performance

OTCMKTS MONRY traded up $0.08 on Monday, hitting $57.11. 19,219 shares of the stock traded hands, compared to its average volume of 41,516. The business’s fifty day moving average is $60.72 and its two-hundred day moving average is $61.71. Moncler has a 12 month low of $53.24 and a 12 month high of $71.41.

Moncler Company Profile

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.