Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) Sees Significant Decline in Short Interest

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 149 shares, a decrease of 82.3% from the June 15th total of 841 shares. Based on an average trading volume of 44,800 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

A number of research analysts have commented on the company. Morgan Stanley began coverage on Moncler in a report on Tuesday, June 23rd. They set an “equal weight” rating on the stock. Citigroup reiterated a “buy” rating on shares of Moncler in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy”.

Moncler Stock Up 0.5%

Shares of MONRY stock traded up $0.27 during midday trading on Friday, reaching $57.03. 21,816 shares of the company were exchanged, compared to its average volume of 25,275. Moncler has a 12 month low of $53.24 and a 12 month high of $71.41. The company’s 50 day moving average price is $60.72 and its two-hundred day moving average price is $61.74.

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.