Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) Sees Large Increase in Short Interest

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 1,422 shares, a growth of 249.4% from the December 31st total of 407 shares. Based on an average daily volume of 21,468 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 21,468 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MONRY shares. JPMorgan Chase & Co. raised Moncler from a “neutral” rating to an “overweight” rating in a report on Friday, November 28th. Barclays raised Moncler from a “hold” rating to an “overweight” rating in a research note on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Moncler Stock Down 3.5%

MONRY traded down $2.09 on Wednesday, hitting $57.95. The company had a trading volume of 5,387 shares, compared to its average volume of 17,759. Moncler has a 1 year low of $53.24 and a 1 year high of $71.79. The company’s fifty day moving average price is $64.27 and its 200 day moving average price is $60.75.

About Moncler

Moncler S.p.A. is an Italian luxury fashion house best known for its high-end down jackets and skiwear. Established in 1952 in Monestier-de-Clermont, near Grenoble, France, the company has built a strong reputation for combining technical performance with refined aesthetics. Its core product lineup includes insulated jackets, vests, coats, knitwear, footwear and accessories, all designed to withstand extreme weather while meeting the standards of high fashion.

Originally founded by René Ramillon and André Vincent as a maker of quilted sleeping bags and tents, Moncler gradually shifted focus to outerwear for mountain sports.