Short Interest in Kering SA (OTCMKTS:PPRUY) Decreases By 70.1%

Kering SA (OTCMKTS:PPRUY) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 15,004 shares, a decline of 70.1% from the November 30th total of 50,122 shares. Based on an average daily trading volume, of 249,264 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 249,264 shares, the short-interest ratio is presently 0.1 days.

Kering Price Performance

PPRUY stock opened at $35.71 on Thursday. The business’s 50-day simple moving average is $35.63 and its 200 day simple moving average is $29.68. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 0.87. Kering has a twelve month low of $17.02 and a twelve month high of $40.70.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PPRUY shares. Citigroup restated a “neutral” rating on shares of Kering in a report on Monday, November 3rd. Berenberg Bank restated a “sell” rating on shares of Kering in a research note on Thursday, October 16th. HSBC lowered shares of Kering from a “buy” rating to a “hold” rating in a research note on Friday, October 24th. Morgan Stanley raised shares of Kering from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 6th. Finally, Sanford C. Bernstein cut shares of Kering from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock 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.