Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Short Interest Update

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 1,680 shares, an increase of 531.6% from the August 15th total of 266 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 591 shares, the short-interest ratio is presently 2.8 days.

Salvatore Ferragamo Stock Performance

Shares of OTCMKTS:SFRGY opened at $4.95 on Friday. Salvatore Ferragamo has a 1-year low of $2.65 and a 1-year high of $6.72. The business has a fifty day moving average price of $5.73 and a 200-day moving average price of $5.00.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Citigroup restated a “neutral” rating on shares of Salvatore Ferragamo in a report on Monday, August 17th. Zacks Research raised shares of Salvatore Ferragamo to a “hold” rating in a research note on Thursday, June 25th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Salvatore Ferragamo Company Profile

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.