Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Short Interest Update

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 266 shares, a drop of 69.9% from the July 30th total of 885 shares. Based on an average trading volume of 242,598 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Zacks Research upgraded Salvatore Ferragamo to a “hold” rating in a research report on Thursday, June 25th. Citigroup reiterated a “neutral” rating on shares of Salvatore Ferragamo in a research report on Monday, August 17th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Salvatore Ferragamo Stock Down 3.1%

OTCMKTS SFRGY opened at $5.37 on Friday. Salvatore Ferragamo has a 1 year low of $2.65 and a 1 year high of $6.72. The business’s fifty day moving average is $5.83 and its two-hundred day moving average is $4.92.

About Salvatore Ferragamo

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.