Kering SA (OTCMKTS:PPRUY) Short Interest Update

Kering SA (OTCMKTS:PPRUY) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 57,509 shares, an increase of 93.2% from the February 12th total of 29,765 shares. Based on an average daily volume of 250,160 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 250,160 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

A number of equities analysts have commented on PPRUY shares. Citigroup reiterated a “neutral” rating on shares of Kering in a report on Tuesday, January 13th. Sanford C. Bernstein raised shares of Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Morgan Stanley reiterated an “overweight” rating on shares of Kering in a research note on Friday, February 6th. Finally, DZ Bank raised shares of Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Kering Stock Down 1.2%

PPRUY stock traded down $0.35 on Friday, hitting $29.03. 6,097 shares of the company’s stock were exchanged, compared to its average volume of 150,379. The firm has a 50 day moving average price of $32.83 and a two-hundred day moving average price of $33.45. Kering has a 12-month low of $17.02 and a 12-month high of $40.70. The company has a quick ratio of 0.87, a current ratio of 1.39 and a debt-to-equity ratio of 0.66.

Kering Company Profile

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.