Short Interest in Kering SA (OTCMKTS:PPRUY) Grows By 107.3%

Kering SA (OTCMKTS:PPRUY) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 233,795 shares, an increase of 107.3% from the July 30th total of 112,803 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 260,539 shares, the short-interest ratio is presently 0.9 days.

Kering Stock Performance

OTCMKTS:PPRUY opened at $29.39 on Friday. The company has a current ratio of 1.39, a quick ratio of 0.92 and a debt-to-equity ratio of 0.66. The business’s 50-day simple moving average is $29.93 and its 200-day simple moving average is $29.92. Kering has a fifty-two week low of $26.22 and a fifty-two week high of $40.70.

Wall Street Analysts Forecast Growth

PPRUY has been the topic of a number of research reports. Barclays upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Kering in a research note on Wednesday, August 12th. Citigroup restated a “neutral” rating on shares of Kering in a report on Monday, August 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Kering in a report on Wednesday, July 29th. Finally, HSBC upgraded shares of Kering from a “hold” rating to a “buy” rating in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Kering presently has a consensus rating of “Hold”.

About Kering

Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.

Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.