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

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 885 shares, a growth of 52.1% from the July 15th total of 582 shares. Based on an average trading volume of 2,346 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Salvatore Ferragamo Stock Performance

OTCMKTS SFRGY opened at $5.91 on Tuesday. The firm’s fifty day moving average is $5.83 and its two-hundred day moving average is $4.83. Salvatore Ferragamo has a one year low of $2.54 and a one year high of $6.72.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Zacks Research raised Salvatore Ferragamo to a “hold” rating in a report on Thursday, June 25th. Citigroup reaffirmed a “neutral” rating on shares of Salvatore Ferragamo in a research report on Monday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently 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.