Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Sees Significant Drop in Short Interest

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 1 shares, a decline of 99.9% from the June 15th total of 1,565 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,030 shares, the days-to-cover ratio is presently 0.0 days.

Salvatore Ferragamo Price Performance

OTCMKTS SFRGY traded up $0.10 during trading on Friday, reaching $5.93. The company’s stock had a trading volume of 816 shares, compared to its average volume of 2,882. The stock has a market capitalization of $2.00 billion and a PE ratio of 12.13. The firm has a fifty day moving average of $5.29 and a 200 day moving average of $4.60. Salvatore Ferragamo has a one year low of $2.54 and a one year high of $6.72.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SFRGY. Citigroup reissued a “neutral” rating on shares of Salvatore Ferragamo in a report on Tuesday, June 30th. Zacks Research raised shares of Salvatore Ferragamo to a “hold” rating in a report on Thursday, June 25th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Salvatore Ferragamo has a consensus 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.