Kering SA (OTCMKTS:PPRUY) Short Interest Down 68.8% in August

Kering SA (OTCMKTS:PPRUY) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 73,003 shares, a decline of 68.8% from the August 15th total of 233,795 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 174,957 shares, the short-interest ratio is currently 0.4 days.

Analyst Ratings Changes

Several brokerages have weighed in on PPRUY. Citigroup reiterated a “neutral” rating on shares of Kering in a research report on Monday, August 17th. HSBC raised Kering from a “hold” rating to a “buy” rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Kering in a research report on Wednesday, August 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Kering in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Three research 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 an average rating of “Hold”.

Kering Stock Performance

Kering stock opened at $27.60 on Monday. The stock has a fifty day moving average of $29.67 and a 200 day moving average of $29.55. Kering has a one year low of $26.22 and a one year high of $40.70. The company has a current ratio of 1.39, a quick ratio of 0.92 and a debt-to-equity ratio of 0.66.

About Kering

Kering is a France-based global luxury goods group that develops and manages premium brands across fashion, leather goods, jewelry, watches, eyewear and beauty. Its portfolio includes Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo and Ginori 1735. Kering Eyewear designs, manufactures and distributes prescription frames and sunglasses for its own and other luxury brands.

The group serves customers internationally through directly operated stores, e-commerce platforms, wholesale partners and other distribution channels.