Kering SA (OTCMKTS:PPRUY) Short Interest Update

Kering SA (OTCMKTS:PPRUY) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 112,803 shares, an increase of 78.2% from the July 15th total of 63,299 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 466,710 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

PPRUY has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Kering in a research report on Wednesday, July 29th. Barclays raised Kering from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Kering in a report on Wednesday. HSBC upgraded Kering from a “hold” rating to a “buy” rating in a research report on Wednesday, July 29th. Finally, Zacks Research raised Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Kering presently has an average rating of “Hold”.

Kering Trading Down 4.2%

Shares of PPRUY traded down $1.30 on Monday, reaching $29.66. The stock had a trading volume of 5,233 shares, compared to its average volume of 234,272. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.92 and a current ratio of 1.39. The firm has a 50-day moving average of $30.11 and a 200 day moving average of $30.03. Kering has a twelve month low of $24.43 and a twelve month high of $40.70.

About Kering

Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.

Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.