Kering SA (OTCMKTS:PPRUY) Sees Significant Decrease in Short Interest

Kering SA (OTCMKTS:PPRUY) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 65,858 shares, a drop of 66.7% from the September 30th total of 197,587 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 806,100 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PPRUY. Royal Bank Of Canada restated a “sector perform” rating on shares of Kering in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kering in a report on Wednesday, August 12th. HSBC raised shares of Kering from a “hold” rating to a “buy” rating in a research report on Wednesday, July 29th. Zacks Research raised shares of Kering from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Finally, Citigroup restated a “neutral” rating on shares of Kering in a report on Monday, August 17th. Two investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Kering Trading Down 0.2%

Shares of PPRUY stock traded down $0.03 during trading hours on Friday, reaching $19.72. The stock had a trading volume of 407,096 shares, compared to its average volume of 530,432. Kering has a twelve month low of $19.53 and a twelve month high of $37.68. The company has a quick ratio of 1.57, a current ratio of 2.05 and a debt-to-equity ratio of 0.65. The firm has a 50-day simple moving average of $25.41 and a 200-day simple moving average of $29.01.

About Kering

Kering is a France-based global luxury goods group that develops, manages and distributes fashion, leather goods, jewelry, watches, eyewear and beauty products through a portfolio of luxury houses. Its brands serve customers through directly operated stores, e-commerce platforms, wholesale partners and other distribution channels across major markets worldwide, including Europe, North America and Asia-Pacific.

The group’s principal houses include Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo and Ginori 1735.