LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) Stock Short Interest Declines 54.4%

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 51,677 shares, a drop of 54.4% from the August 31st total of 113,262 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,141,104 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LVMUY. Zacks Research raised shares of LVMH-Moet Hennessy Louis Vuitton from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Royal Bank Of Canada downgraded shares of LVMH-Moet Hennessy Louis Vuitton from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 22nd. Finally, HSBC lowered shares of LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a research report on Wednesday, September 9th. Three equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

LVMH-Moet Hennessy Louis Vuitton Price Performance

OTCMKTS:LVMUY traded down $1.20 during trading hours on Wednesday, reaching $88.48. 231,226 shares of the company were exchanged, compared to its average volume of 421,485. The stock has a 50 day simple moving average of $102.02 and a 200 day simple moving average of $107.69. LVMH-Moet Hennessy Louis Vuitton has a 52-week low of $88.29 and a 52-week high of $152.95. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.58.

About LVMH-Moet Hennessy Louis Vuitton

LVMH Moët Hennessy Louis Vuitton SE is a France-based luxury goods group whose portfolio spans wines and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewelry, and selective retailing. Its brands include Louis Vuitton, Christian Dior, Fendi, Celine, Loewe, Givenchy, Moët & Chandon, Hennessy, Bulgari, TAG Heuer, Sephora and DFS.

The company was formed in 1987 through the merger of Louis Vuitton with Moët Hennessy. LVMH develops, produces and distributes luxury products through a combination of directly operated stores, e-commerce channels, wholesale networks and hospitality or travel-retail locations.