Kering SA (OTCMKTS:PPRUY) Short Interest Down 22.8% in April

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Kering SA (OTCMKTS:PPRUY) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 28,500 shares, a drop of 22.8% from the March 31st total of 36,900 shares. Based on an average daily trading volume, of 72,700 shares, the days-to-cover ratio is currently 0.4 days.

PPRUY opened at $81.05 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.06 and a quick ratio of 0.65. The company has a market capitalization of $101.33 billion, a price-to-earnings ratio of 27.47 and a beta of 0.77. The firm’s fifty day moving average price is $73.38 and its two-hundred day moving average price is $69.54. Kering has a 1 year low of $43.70 and a 1 year high of $81.22.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, May 21st. Shareholders of record on Monday, May 3rd will be issued a dividend of $0.501 per share. This represents a yield of 1.87%. The ex-dividend date of this dividend is Friday, April 30th. Kering’s dividend payout ratio is 14.58%.

Several analysts have recently commented on PPRUY shares. Sanford C. Bernstein raised shares of Kering from a “market perform” rating to an “outperform” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Kering in a research report on Wednesday, April 21st. AlphaValue downgraded shares of Kering to a “buy” rating in a research report on Thursday, March 4th. UBS Group reissued a “neutral” rating on shares of Kering in a research report on Wednesday, April 21st. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Kering in a research report on Wednesday, April 21st. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $88.00.

Kering Company Profile

Kering SA develops, designs, manufactures, markets, and sells apparel and accessories. The company offers shoes; leather goods, including handbags and wallets, purses, and other leather products; eyewear, textile accessories, etc.; and jewelry and watches, as well as ready-to-wear products for men and women.

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