Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) Short Interest Up 258.3% in August

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 2,121 shares, an increase of 258.3% from the July 30th total of 592 shares. Based on an average daily trading volume, of 28,427 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

MONRY has been the topic of several recent analyst reports. Morgan Stanley began coverage on Moncler in a report on Tuesday, June 23rd. They issued an “equal weight” rating on the stock. Citigroup reaffirmed a “buy” rating on shares of Moncler in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Moncler Stock Up 0.5%

Shares of OTCMKTS:MONRY opened at $54.99 on Friday. The stock’s 50-day moving average price is $56.89 and its 200-day moving average price is $60.56. Moncler has a 12-month low of $53.10 and a 12-month high of $71.41.

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.