Short Interest in Kering SA (OTCMKTS:PPRUY) Grows By 107.3%

Kering SA (OTCMKTS:PPRUY) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 233,795 shares, an increase of 107.3% from the July 30th total of 112,803 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 260,539 shares, the days-to-cover ratio is currently 0.9 days.

Kering Trading Up 1.0%

PPRUY opened at $29.39 on Friday. Kering has a 1-year low of $26.22 and a 1-year high of $40.70. The stock’s fifty day simple moving average is $29.93 and its 200 day simple moving average is $29.92. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.92 and a current ratio of 1.39.

Analysts Set New Price Targets

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

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.