EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) Sees Large Growth in Short Interest

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 60,082 shares, a growth of 468.2% from the January 15th total of 10,575 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 165,006 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 165,006 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

EssilorLuxottica Price Performance

Shares of OTCMKTS ESLOY opened at $167.00 on Thursday. The firm’s fifty day moving average is $159.70 and its 200 day moving average is $163.41. EssilorLuxottica has a 52 week low of $126.47 and a 52 week high of $186.81. The company has a quick ratio of 0.67, a current ratio of 0.97 and a debt-to-equity ratio of 0.18.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ESLOY shares. The Goldman Sachs Group reissued a “buy” rating on shares of EssilorLuxottica in a research note on Friday, December 5th. Citigroup reiterated a “buy” rating on shares of EssilorLuxottica in a research report on Thursday, December 11th. UBS Group upgraded EssilorLuxottica from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 27th. Kepler Capital Markets raised EssilorLuxottica from a “hold” rating to a “buy” rating in a research note on Thursday, January 15th. Finally, Zacks Research downgraded shares of EssilorLuxottica from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

EssilorLuxottica Company Profile

EssilorLuxottica SE is a global ophthalmic optics company formed through the 2018 merger of France-based Essilor and Italy-based Luxottica. Headquartered near Paris, the company combines lens manufacturing, frame design and production, brand management and retail operations to provide a vertically integrated offering across the vision care value chain. Its activities span product research and development, manufacturing, wholesale distribution and retailing of spectacles, sunglasses and ophthalmic lenses.

The company’s product portfolio includes prescription and non-prescription lenses, lens coatings and treatments, and an array of eyewear brands and frames.