Kering SA (OTCMKTS:PPRUY) Short Interest Update

Kering SA (OTCMKTS:PPRUY) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 73,003 shares, a decline of 68.8% from the August 15th total of 233,795 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 174,957 shares, the days-to-cover ratio is presently 0.4 days.

Kering Price Performance

PPRUY traded up $0.51 on Friday, reaching $27.60. 506,818 shares of the company’s stock were exchanged, compared to its average volume of 297,244. Kering has a twelve month low of $26.22 and a twelve month high of $40.70. 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 stock’s fifty day moving average price is $29.67 and its 200-day moving average price is $29.58.

Analyst Upgrades and Downgrades

PPRUY has been the topic of several recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Kering in a report on Monday, August 17th. Zacks Research raised shares of Kering from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. HSBC upgraded shares of Kering from a “hold” rating to a “buy” rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Kering in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Kering in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About Kering

Kering is a France-based global luxury goods group that develops and manages premium brands across fashion, leather goods, jewelry, watches, eyewear and beauty. Its portfolio includes Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo and Ginori 1735. Kering Eyewear designs, manufactures and distributes prescription frames and sunglasses for its own and other luxury brands.

The group serves customers internationally through directly operated stores, e-commerce platforms, wholesale partners and other distribution channels.