Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Short Interest Update

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 885 shares, an increase of 52.1% from the July 15th total of 582 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,346 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SFRGY shares. Citigroup reissued a “neutral” rating on shares of Salvatore Ferragamo in a research report on Monday. Zacks Research upgraded shares of Salvatore Ferragamo to a “hold” rating in a report on Thursday, June 25th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Salvatore Ferragamo Trading Down 3.2%

Shares of OTCMKTS:SFRGY opened at $5.49 on Thursday. Salvatore Ferragamo has a 12-month low of $2.64 and a 12-month high of $6.72. The business’s fifty day simple moving average is $5.85 and its 200-day simple moving average is $4.85.

Salvatore Ferragamo Company Profile

Salvatore Ferragamo S.p.A. operates as a designer, producer and distributor of high-end luxury footwear, leather goods, apparel and accessories. The company’s product portfolio spans men’s and women’s shoes, handbags, small leather items, silk products, ready-to-wear collections, eyewear, fragrances and watches. Through its vertically integrated business model, Ferragamo controls key aspects of the value chain, from design and manufacturing to wholesale distribution and direct-to-consumer retail.

Founded in 1927 by Italian shoemaker Salvatore Ferragamo, the company is headquartered in Florence, Italy and has grown into a globally recognized luxury brand.