Capri Holdings Limited (NYSE:CPRI) Short Interest Up 11.5% in November

Capri Holdings Limited (NYSE:CPRI) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 8,830,000 shares, an increase of 11.5% from the October 31st total of 7,920,000 shares. Approximately 7.7% of the company’s stock are sold short. Based on an average daily trading volume, of 4,320,000 shares, the days-to-cover ratio is currently 2.0 days.

Capri Stock Performance

Shares of NYSE:CPRI traded down $0.52 during trading on Tuesday, reaching $22.86. The company had a trading volume of 2,534,469 shares, compared to its average volume of 2,165,757. The firm’s fifty day moving average is $30.57 and its 200 day moving average is $32.95. Capri has a twelve month low of $18.70 and a twelve month high of $51.23. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83.

Institutional Trading of Capri

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. purchased a new stake in shares of Capri in the 3rd quarter valued at approximately $42,000. Quarry LP acquired a new position in Capri in the 3rd quarter valued at approximately $53,000. CWM LLC increased its stake in shares of Capri by 35.2% during the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after purchasing an additional 638 shares during the last quarter. Signaturefd LLC increased its stake in shares of Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after purchasing an additional 351 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Capri by 1,580.1% during the 2nd quarter. GAMMA Investing LLC now owns 3,713 shares of the company’s stock worth $123,000 after buying an additional 3,492 shares during the period. 84.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. StockNews.com downgraded Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. JPMorgan Chase & Co. cut their price objective on Capri from $57.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. UBS Group cut their price objective on Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, November 26th. Finally, Citigroup cut Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a research report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $28.20.

About Capri

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.