Short Interest in EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) Grows By 4,525.3%

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 192,041 shares, a growth of 4,525.3% from the May 31st total of 4,152 shares. Based on an average daily trading volume, of 331,947 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ESLOY. Deutsche Bank Aktiengesellschaft initiated coverage on shares of EssilorLuxottica in a report on Tuesday, May 12th. They issued a “hold” rating on the stock. Zacks Research lowered shares of EssilorLuxottica from a “hold” rating to a “strong sell” rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, EssilorLuxottica has a consensus rating of “Moderate Buy”.

EssilorLuxottica Stock Down 1.0%

OTCMKTS:ESLOY traded down $0.97 during trading hours on Thursday, hitting $94.47. The company had a trading volume of 197,797 shares, compared to its average volume of 123,083. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.99. The stock has a 50-day moving average price of $104.93 and a 200 day moving average price of $129.49. EssilorLuxottica has a 52 week low of $93.42 and a 52 week high of $186.81.

About EssilorLuxottica

EssilorLuxottica SE is a global ophthalmic optics company formed through the 2018 merger of France-based Essilor and Italy-based Luxottica. Headquartered near Paris, the company combines lens manufacturing, frame design and production, brand management and retail operations to provide a vertically integrated offering across the vision care value chain. Its activities span product research and development, manufacturing, wholesale distribution and retailing of spectacles, sunglasses and ophthalmic lenses.

The company’s product portfolio includes prescription and non-prescription lenses, lens coatings and treatments, and an array of eyewear brands and frames.