Short Interest in Kering SA (OTCMKTS:PPRUY) Rises By 217.6%

Kering SA (OTCMKTS:PPRUY) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 59,700 shares, a growth of 217.6% from the February 28th total of 18,800 shares. Based on an average daily volume of 475,600 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several research firms have commented on PPRUY. JPMorgan Chase & Co. lowered shares of Kering from a “neutral” rating to an “underweight” rating in a report on Monday, December 2nd. Kepler Capital Markets raised Kering from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Kering Trading Down 1.3 %

Shares of OTCMKTS PPRUY traded down $0.29 during midday trading on Friday, reaching $21.46. 563,405 shares of the company were exchanged, compared to its average volume of 350,630. Kering has a one year low of $21.42 and a one year high of $40.19. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.87 and a current ratio of 1.38. The stock’s 50-day moving average price is $26.20 and its 200-day moving average price is $25.24.

Kering Company Profile

Kering SA manages the development of a series of renowned houses in fashion, leather goods and jewelry in France, the Asia-Pacific, Western Europe, North America, Japan, and internationally. The company offers ready-to-wear products apparel and accessories for men and women. It also offers leather goods and shoes; watches and jewelry; eyewear products; and fragrances and cosmetics.