Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Stock Short Interest Rises 77.5%

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 4,850 shares, an increase of 77.5% from the September 30th total of 2,732 shares. Based on an average daily volume of 1,696 shares, the short-interest ratio is presently 2.9 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Citigroup reissued 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. According to MarketBeat, Salvatore Ferragamo presently has a consensus rating of “Hold”.

Salvatore Ferragamo Stock Performance

Shares of Salvatore Ferragamo stock opened at $3.41 on Friday. The firm’s 50-day moving average is $4.42 and its two-hundred day moving average is $4.71. Salvatore Ferragamo has a 1 year low of $3.34 and a 1 year high of $6.72.

About Salvatore Ferragamo

Salvatore Ferragamo S.p.A. is an Italian luxury-goods company best known for its footwear and leather craftsmanship. The company designs and sells luxury shoes, handbags, small leather goods, apparel, silk products, accessories, eyewear, watches and fragrances under the Ferragamo brand.

The company traces its origins to Salvatore Ferragamo, who established his business in Italy in 1927 after developing a reputation as a footwear designer in the United States. Ferragamo became known for combining technical innovation with Italian craftsmanship, and the business later expanded from shoes into a broader lifestyle and luxury-fashion offering.

Salvatore Ferragamo serves customers internationally through directly operated stores, e-commerce, selected wholesale partners and travel-retail locations.