Kering SA (OTCMKTS:PPRUY) Short Interest Update

Kering SA (OTCMKTS:PPRUY) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 27,020 shares, a growth of 80.1% from the December 15th total of 15,004 shares. Based on an average daily trading volume, of 390,187 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 390,187 shares, the short-interest ratio is currently 0.1 days.

Kering Price Performance

Shares of OTCMKTS:PPRUY traded down $1.23 during mid-day trading on Friday, hitting $33.45. 138,022 shares of the company traded hands, compared to its average volume of 177,956. The stock has a 50-day moving average price of $35.29 and a two-hundred day moving average price of $31.37. Kering has a 12-month low of $17.02 and a 12-month high of $40.70. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.69.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays reaffirmed an “underweight” rating on shares of Kering in a research note on Tuesday, October 7th. Morgan Stanley upgraded shares of Kering from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 6th. Citigroup reiterated a “neutral” rating on shares of Kering in a research report on Tuesday. HSBC downgraded shares of Kering from a “buy” rating to a “hold” rating in a research note on Friday, October 24th. Finally, Hsbc Global Res downgraded Kering from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kering currently has a consensus 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.