Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Short Interest Update

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 885 shares, a growth of 52.1% from the July 15th total of 582 shares. Based on an average daily volume of 2,346 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Salvatore Ferragamo Price Performance

OTCMKTS:SFRGY opened at $5.91 on Tuesday. Salvatore Ferragamo has a fifty-two week low of $2.54 and a fifty-two week high of $6.72. The firm’s fifty day simple moving average is $5.83 and its 200-day simple moving average is $4.83.

Wall Street Analyst Weigh In

SFRGY has been the subject of several recent analyst reports. Zacks Research upgraded shares of Salvatore Ferragamo to a “hold” rating in a research note on Thursday, June 25th. Citigroup reiterated a “neutral” rating on shares of Salvatore Ferragamo in a research note on Monday. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Salvatore Ferragamo Company Profile

Salvatore Ferragamo S.p.A. operates as a designer, producer and distributor of high-end luxury footwear, leather goods, apparel and accessories. The company’s product portfolio spans men’s and women’s shoes, handbags, small leather items, silk products, ready-to-wear collections, eyewear, fragrances and watches. Through its vertically integrated business model, Ferragamo controls key aspects of the value chain, from design and manufacturing to wholesale distribution and direct-to-consumer retail.

Founded in 1927 by Italian shoemaker Salvatore Ferragamo, the company is headquartered in Florence, Italy and has grown into a globally recognized luxury brand.