Short Interest in EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) Decreases By 81.4%

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 11,183 shares, a drop of 81.4% from the January 29th total of 60,082 shares. Based on an average daily volume of 171,058 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 171,058 shares, the days-to-cover ratio is currently 0.1 days.

EssilorLuxottica Stock Up 1.0%

ESLOY stock traded up $1.34 during midday trading on Thursday, hitting $141.21. The company’s stock had a trading volume of 84,871 shares, compared to its average volume of 121,451. The firm has a 50-day simple moving average of $154.63 and a 200-day simple moving average of $163.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.67 and a current ratio of 0.97. EssilorLuxottica has a 52-week low of $126.47 and a 52-week high of $186.81.

Analysts Set New Price Targets

A number of equities analysts recently commented on ESLOY shares. UBS Group upgraded EssilorLuxottica from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 27th. HSBC raised EssilorLuxottica from a “hold” rating to a “buy” rating in a research note on Wednesday, January 14th. Zacks Research cut shares of EssilorLuxottica from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. The Goldman Sachs Group restated a “buy” rating on shares of EssilorLuxottica in a research report on Friday, December 5th. Finally, Citigroup reaffirmed a “buy” rating on shares of EssilorLuxottica in a research note on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

EssilorLuxottica Company Profile

EssilorLuxottica SE is a global ophthalmic optics company formed through the 2018 merger of France-based Essilor and Italy-based Luxottica. Headquartered near Paris, the company combines lens manufacturing, frame design and production, brand management and retail operations to provide a vertically integrated offering across the vision care value chain. Its activities span product research and development, manufacturing, wholesale distribution and retailing of spectacles, sunglasses and ophthalmic lenses.

The company’s product portfolio includes prescription and non-prescription lenses, lens coatings and treatments, and an array of eyewear brands and frames.