Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Sees Large Increase in Short Interest

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 3,618 shares, a growth of 115.4% from the August 31st total of 1,680 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 880 shares, the short-interest ratio is presently 4.1 days.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SFRGY. Zacks Research upgraded Salvatore Ferragamo to a “hold” rating in a research report on Thursday, June 25th. Citigroup reaffirmed a “neutral” rating on shares of Salvatore Ferragamo in a research note on Monday, August 17th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Salvatore Ferragamo Price Performance

OTCMKTS SFRGY remained flat at $4.30 on Tuesday. The company’s stock had a trading volume of 2,254 shares, compared to its average volume of 562. Salvatore Ferragamo has a 52 week low of $3.10 and a 52 week high of $6.72. The company’s 50-day moving average price is $5.37 and its two-hundred day moving average price is $5.07.

Salvatore Ferragamo Company Profile

Salvatore Ferragamo S.p.A. is an Italian luxury goods company headquartered in Florence, Italy. Founded by Salvatore Ferragamo in 1927, the company is known for combining Italian craftsmanship with fashion and design, building on its founder’s early reputation as a shoemaker for Hollywood celebrities.

The company designs, manufactures and sells luxury footwear, handbags and other leather goods, ready-to-wear clothing, silk products, accessories, eyewear and fragrances. Its products are marketed under the Ferragamo brand through directly operated boutiques, department stores, specialty retailers, e-commerce platforms and selected wholesale partners.

Ferragamo serves customers internationally, with operations and distribution spanning Europe, North America, Asia-Pacific and other global markets.