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

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) was the target of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 1,049 shares, a decline of 28.1% from the February 12th total of 1,458 shares. Based on an average trading volume of 2,869 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 2,869 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup reiterated a “neutral” rating on shares of Salvatore Ferragamo in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Salvatore Ferragamo Price Performance

Shares of SFRGY stock opened at $3.90 on Friday. Salvatore Ferragamo has a 52-week low of $2.54 and a 52-week high of $5.27. The business has a 50-day simple moving average of $4.10 and a 200-day simple moving average of $3.96.

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.