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

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRYGet Free Report) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 1,147 shares, a decrease of 45.9% from the August 15th total of 2,121 shares. Based on an average trading volume of 111,428 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

MONRY has been the topic of a number of recent analyst reports. HSBC reiterated a “buy” rating on shares of Moncler in a report on Wednesday, September 9th. Citigroup restated a “buy” rating on shares of Moncler in a research note on Wednesday, August 19th. Finally, Morgan Stanley assumed coverage on Moncler in a research report on Tuesday, June 23rd. They set an “equal weight” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Moncler has a consensus rating of “Buy”.

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Moncler Stock Down 2.4%

MONRY traded down $1.25 during midday trading on Tuesday, reaching $50.15. The company had a trading volume of 71,025 shares, compared to its average volume of 44,402. Moncler has a 12-month low of $50.12 and a 12-month high of $71.41. The business has a 50-day moving average price of $55.71 and a two-hundred day moving average price of $59.79.

Moncler Company Profile

(Get Free Report)

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.

Further Reading

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