LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) Sees Significant Growth in Short Interest

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 113,262 shares, a growth of 91.3% from the August 15th total of 59,215 shares. Based on an average daily volume of 563,021 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. HSBC downgraded shares of LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a research note on Wednesday, September 9th. Zacks Research upgraded shares of LVMH-Moet Hennessy Louis Vuitton from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Four research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

LVMH-Moet Hennessy Louis Vuitton Trading Down 2.7%

Shares of OTCMKTS:LVMUY traded down $2.57 during trading on Tuesday, hitting $93.89. 1,319,903 shares of the company were exchanged, compared to its average volume of 400,815. The company has a quick ratio of 0.84, a current ratio of 1.58 and a debt-to-equity ratio of 0.18. LVMH-Moet Hennessy Louis Vuitton has a 1-year low of $93.39 and a 1-year high of $152.95. The business’s 50 day moving average is $106.41 and its 200-day moving average is $109.92.

About LVMH-Moet Hennessy Louis Vuitton

LVMH Moët Hennessy Louis Vuitton SE is a France-based luxury-goods group formed in 1987 through the merger of Louis Vuitton and Moët Hennessy. The company develops, produces and sells premium products through a portfolio of maisons, or brands, with heritage spanning fashion, wine and spirits, jewelry, watches, beauty and selective retail.

LVMH’s principal business segments include Wines and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewelry, Selective Retailing and Other Activities.