Short Interest in Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) Decreases By 50.9%

Compagnie Financiere Richemont AG (OTCMKTS:CFRUYGet Free Report) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 118,903 shares, a drop of 50.9% from the July 30th total of 242,031 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 832,613 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC purchased a new position in Compagnie Financiere Richemont AG (OTCMKTS:CFRUYFree Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 501,500 shares of the company’s stock, valued at approximately $11,598,000.

Compagnie Financiere Richemont Stock Up 1.1%

OTCMKTS CFRUY traded up $0.26 during trading hours on Friday, reaching $23.92. 326,645 shares of the company were exchanged, compared to its average volume of 477,074. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.06 and a current ratio of 3.10. Compagnie Financiere Richemont has a 1 year low of $16.26 and a 1 year high of $24.86. The business’s 50 day simple moving average is $23.40 and its 200-day simple moving average is $20.96.

Compagnie Financiere Richemont Company Profile

(Get Free Report)

Compagnie Financière Richemont SA is a Switzerland-based luxury goods holding company headquartered in Geneva. The group designs, manufactures and distributes high-end jewelry, watches, leather goods, writing instruments, accessories and fashion items through a portfolio of maisons and specialist retailers. Richemont’s business model combines brand ownership with direct retail operations and selective wholesale distribution to serve affluent consumers worldwide.

Richemont’s portfolio includes several well-known luxury maisons that operate across distinct product categories, notably jewellery and watchmaking, as well as leather goods and accessories.

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