Kering SA (OTCMKTS:PPRUY) Short Interest Up 21.1% in January

Kering SA (OTCMKTS:PPRUY) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 25,974 shares, a growth of 21.1% from the January 15th total of 21,452 shares. Based on an average trading volume of 305,496 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 305,496 shares, the short-interest ratio is currently 0.1 days.

Kering Trading Up 1.1%

PPRUY opened at $33.78 on Tuesday. Kering has a 1 year low of $17.02 and a 1 year high of $40.70. The firm has a 50 day moving average price of $34.11 and a 200 day moving average price of $32.72. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 0.87.

Analyst Upgrades and Downgrades

PPRUY has been the topic of several analyst reports. Morgan Stanley restated an “overweight” rating on shares of Kering in a report on Friday, February 6th. DZ Bank raised Kering from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Sanford C. Bernstein cut Kering from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Citigroup reiterated a “neutral” rating on shares of Kering in a report on Tuesday, January 13th. Finally, HSBC cut shares of Kering from a “buy” rating to a “hold” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Kering Company Profile

Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.

Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.