Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Stock Short Interest Climbs 115.4%

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 3,618 shares, an increase of 115.4% from the August 31st total of 1,680 shares. Based on an average daily trading volume, of 880 shares, the days-to-cover ratio is currently 4.1 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Several brokerages recently commented on SFRGY. Citigroup reaffirmed a “neutral” rating on shares of Salvatore Ferragamo in a research note on Monday, August 17th. Zacks Research upgraded shares of Salvatore Ferragamo to a “hold” rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Salvatore Ferragamo Stock Performance

SFRGY stock opened at $4.29 on Wednesday. The company’s 50 day moving average is $5.33 and its 200 day moving average is $5.08. Salvatore Ferragamo has a 1-year low of $3.10 and a 1-year high of $6.72.

About Salvatore Ferragamo

Salvatore Ferragamo S.p.A. is an Italian luxury goods company headquartered in Florence, Italy. Founded by Salvatore Ferragamo in 1927, the company is known for combining Italian craftsmanship with fashion and design, building on its founder’s early reputation as a shoemaker for Hollywood celebrities.

The company designs, manufactures and sells luxury footwear, handbags and other leather goods, ready-to-wear clothing, silk products, accessories, eyewear and fragrances. Its products are marketed under the Ferragamo brand through directly operated boutiques, department stores, specialty retailers, e-commerce platforms and selected wholesale partners.

Ferragamo serves customers internationally, with operations and distribution spanning Europe, North America, Asia-Pacific and other global markets.