Short Interest in Kering SA (OTCMKTS:PPRUY) Decreases By 66.6%

Kering SA (OTCMKTS:PPRUY) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 63,299 shares, a drop of 66.6% from the June 30th total of 189,301 shares. Based on an average trading volume of 452,271 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PPRUY. HSBC cut Kering from a “buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Barclays upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Zacks Research downgraded shares of Kering from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Finally, TD Cowen reiterated a “buy” rating on shares of Kering in a research note on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Kering has a consensus rating of “Hold”.

Kering Stock Down 1.6%

OTCMKTS:PPRUY traded down $0.44 during mid-day trading on Monday, hitting $26.93. 84,027 shares of the company’s stock traded hands, compared to its average volume of 235,573. The firm has a 50 day moving average of $29.04 and a two-hundred day moving average of $30.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 0.92. Kering has a 12 month low of $24.27 and a 12 month high of $40.70.

Kering Company Profile

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.