Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) Short Interest Down 50.9% in August

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 118,903 shares, a decline of 50.9% from the July 30th total of 242,031 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 832,613 shares, the short-interest ratio is currently 0.1 days.

Compagnie Financiere Richemont Price Performance

OTCMKTS CFRUY traded up $0.26 on Friday, hitting $23.92. The stock had a trading volume of 326,645 shares, compared to its average volume of 477,074. The company’s 50-day moving average is $23.40 and its two-hundred day moving average is $20.96. Compagnie Financiere Richemont has a one year low of $16.26 and a one year high of $24.86. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.10 and a quick ratio of 2.06.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC purchased a new stake in shares of Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 501,500 shares of the company’s stock, valued at approximately $11,598,000.

Compagnie Financiere Richemont Company Profile

Compagnie Financière Richemont SA is a Switzerland-based luxury goods holding company headquartered in Geneva. The group designs, manufactures and distributes high-end jewelry, watches, leather goods, writing instruments, accessories and fashion items through a portfolio of maisons and specialist retailers. Richemont’s business model combines brand ownership with direct retail operations and selective wholesale distribution to serve affluent consumers worldwide.

Richemont’s portfolio includes several well-known luxury maisons that operate across distinct product categories, notably jewellery and watchmaking, as well as leather goods and accessories.