Short Interest in Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) Grows By 258.3%

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 2,121 shares, an increase of 258.3% from the July 30th total of 592 shares. Based on an average daily trading volume, of 28,427 shares, the days-to-cover ratio is currently 0.1 days.

Moncler Price Performance

Shares of MONRY opened at $55.20 on Thursday. The company’s fifty day moving average price is $57.16 and its 200-day moving average price is $60.62. Moncler has a 1-year low of $53.10 and a 1-year high of $71.41.

Analyst Ratings Changes

MONRY has been the topic of several recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of Moncler in a research report on Wednesday, August 19th. Morgan Stanley started coverage on Moncler in a research note on Tuesday, June 23rd. They set an “equal weight” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Moncler has an average rating of “Buy”.

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.