Short Interest in Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) Drops By 99.7%

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 4 shares, a drop of 99.7% from the January 15th total of 1,422 shares. Based on an average daily trading volume, of 46,752 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 46,752 shares, the days-to-cover ratio is presently 0.0 days.

Moncler Price Performance

OTCMKTS MONRY traded down $0.17 during trading on Wednesday, hitting $60.49. 1,243 shares of the company’s stock traded hands, compared to its average volume of 25,812. Moncler has a 12-month low of $53.24 and a 12-month high of $71.79. The business has a 50 day moving average of $62.61 and a 200-day moving average of $60.71.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MONRY. JPMorgan Chase & Co. raised Moncler from a “neutral” rating to an “overweight” rating in a research report on Friday, November 28th. Barclays upgraded Moncler from a “hold” rating to an “overweight” rating in a research note on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Moncler currently has a consensus rating of “Moderate Buy”.

About Moncler

Moncler S.p.A. is an Italian luxury fashion house best known for its high-end down jackets and skiwear. Established in 1952 in Monestier-de-Clermont, near Grenoble, France, the company has built a strong reputation for combining technical performance with refined aesthetics. Its core product lineup includes insulated jackets, vests, coats, knitwear, footwear and accessories, all designed to withstand extreme weather while meeting the standards of high fashion.

Originally founded by René Ramillon and André Vincent as a maker of quilted sleeping bags and tents, Moncler gradually shifted focus to outerwear for mountain sports.