Short Interest in Kering SA (OTCMKTS:PPRUY) Rises By 191.9%

Kering SA (OTCMKTS:PPRUY) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 189,301 shares, a growth of 191.9% from the June 15th total of 64,854 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,721,041 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barclays upgraded Kering from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Zacks Research raised Kering from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. HSBC cut Kering from a “buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, TD Cowen reissued a “buy” rating on shares of Kering in a report on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Kering Stock Performance

PPRUY stock traded down $0.14 during midday trading on Monday, reaching $28.23. The company’s stock had a trading volume of 68,240 shares, compared to its average volume of 244,297. The stock has a fifty day simple moving average of $28.99 and a two-hundred day simple moving average of $30.78. Kering has a 1 year low of $22.17 and a 1 year high of $40.70. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.92 and a current ratio of 1.39.

About Kering

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.