Short Interest in Kering SA (OTCMKTS:PPRUY) Rises By 78.2%

Kering SA (OTCMKTS:PPRUY) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 112,803 shares, an increase of 78.2% from the July 15th total of 63,299 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 466,710 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of Kering in a report on Wednesday, July 29th. Barclays upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. HSBC raised shares of Kering from a “hold” rating to a “buy” rating in a research note on Wednesday, July 29th. Zacks Research upgraded Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Kering in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Kering Stock Performance

Shares of Kering stock traded down $1.30 during trading hours on Monday, reaching $29.66. 5,233 shares of the company’s stock were exchanged, compared to its average volume of 234,272. The company has a fifty day moving average of $30.11 and a 200-day moving average of $30.03. The company has a current ratio of 1.39, a quick ratio of 0.92 and a debt-to-equity ratio of 0.66. Kering has a 52-week low of $24.43 and a 52-week high of $40.70.

About Kering

Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.

Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.