Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) Short Interest Down 50.9% in August

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 118,903 shares, a decline of 50.9% from the July 30th total of 242,031 shares. Based on an average trading volume of 832,613 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Compagnie Financiere Richemont Stock Performance

CFRUY stock opened at $23.92 on Monday. Compagnie Financiere Richemont has a twelve month low of $16.26 and a twelve month high of $24.86. The business’s fifty day simple moving average is $23.40 and its two-hundred day simple moving average is $20.96. The company has a current ratio of 3.10, a quick ratio of 2.06 and a debt-to-equity ratio of 0.19.

Institutional Investors Weigh In On Compagnie Financiere Richemont

An institutional investor recently bought a new position in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC bought a new position in Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 501,500 shares of the company’s stock, valued at approximately $11,598,000.

About Compagnie Financiere Richemont

Compagnie Financière Richemont SA is a Switzerland-based luxury goods holding company headquartered in Geneva. The group designs, manufactures and distributes high-end jewelry, watches, leather goods, writing instruments, accessories and fashion items through a portfolio of maisons and specialist retailers. Richemont’s business model combines brand ownership with direct retail operations and selective wholesale distribution to serve affluent consumers worldwide.

Richemont’s portfolio includes several well-known luxury maisons that operate across distinct product categories, notably jewellery and watchmaking, as well as leather goods and accessories.