Short Interest in Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Increases By 58,100.0%

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGYGet Free Report) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 582 shares, an increase of 58,100.0% from the June 30th total of 1 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,881 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Several brokerages have recently commented on SFRGY. Citigroup reissued a “neutral” rating on shares of Salvatore Ferragamo in a report on Tuesday, June 30th. Zacks Research raised Salvatore Ferragamo to a “hold” rating in a report on Thursday, June 25th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Salvatore Ferragamo currently has a consensus rating of “Hold”.

View Our Latest Research Report on SFRGY

Salvatore Ferragamo Price Performance

Shares of OTCMKTS SFRGY traded up $0.50 during midday trading on Friday, hitting $5.97. The stock had a trading volume of 129 shares, compared to its average volume of 2,766. The firm has a market cap of $2.02 billion and a P/E ratio of 12.13. Salvatore Ferragamo has a fifty-two week low of $2.54 and a fifty-two week high of $6.72. The company’s 50-day simple moving average is $5.51 and its 200 day simple moving average is $4.67.

About Salvatore Ferragamo

(Get Free Report)

Salvatore Ferragamo S.p.A. operates as a designer, producer and distributor of high-end luxury footwear, leather goods, apparel and accessories. The company’s product portfolio spans men’s and women’s shoes, handbags, small leather items, silk products, ready-to-wear collections, eyewear, fragrances and watches. Through its vertically integrated business model, Ferragamo controls key aspects of the value chain, from design and manufacturing to wholesale distribution and direct-to-consumer retail.

Founded in 1927 by Italian shoemaker Salvatore Ferragamo, the company is headquartered in Florence, Italy and has grown into a globally recognized luxury brand.

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