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

Kering SA (OTCMKTS:PPRUY) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 73,003 shares, a decline of 68.8% from the August 15th total of 233,795 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 174,957 shares, the short-interest ratio is presently 0.4 days.

Kering Stock Performance

Shares of Kering stock traded up $0.51 during trading hours on Friday, hitting $27.60. The company’s stock had a trading volume of 506,818 shares, compared to its average volume of 297,244. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 0.92. The business has a 50 day moving average price of $29.67 and a two-hundred day moving average price of $29.58. Kering has a 12-month low of $26.22 and a 12-month high of $40.70.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PPRUY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kering in a research note on Wednesday, August 12th. Citigroup reaffirmed a “neutral” rating on shares of Kering in a research report on Monday, August 17th. Zacks Research raised shares of Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. HSBC raised shares of Kering from a “hold” rating to a “buy” rating in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Kering in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Kering Company Profile

Kering is a France-based global luxury goods group that develops and manages premium brands across fashion, leather goods, jewelry, watches, eyewear and beauty. Its portfolio includes Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo and Ginori 1735. Kering Eyewear designs, manufactures and distributes prescription frames and sunglasses for its own and other luxury brands.

The group serves customers internationally through directly operated stores, e-commerce platforms, wholesale partners and other distribution channels.