Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Short Interest Up 56.5% in March

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,642 shares, an increase of 56.5% from the February 26th total of 1,049 shares. Based on an average trading volume of 6,228 shares, the days-to-cover ratio is currently 0.3 days.

Salvatore Ferragamo Trading Down 3.6%

Salvatore Ferragamo stock opened at $3.66 on Friday. Salvatore Ferragamo has a 12-month low of $2.54 and a 12-month high of $5.27. The business’s 50-day simple moving average is $3.93 and its 200 day simple moving average is $4.04.

Analysts Set New Price Targets

Separately, Citigroup reissued a “neutral” rating on shares of Salvatore Ferragamo in a report on Tuesday, December 16th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Salvatore Ferragamo Company Profile

Salvatore Ferragamo S.p.A. operates as a designer, producer and distributor of high-end luxury footwear, leather goods, apparel and accessories. The company’s product portfolio spans men’s and women’s shoes, handbags, small leather items, silk products, ready-to-wear collections, eyewear, fragrances and watches. Through its vertically integrated business model, Ferragamo controls key aspects of the value chain, from design and manufacturing to wholesale distribution and direct-to-consumer retail.

Founded in 1927 by Italian shoemaker Salvatore Ferragamo, the company is headquartered in Florence, Italy and has grown into a globally recognized luxury brand.