EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) Sees Significant Decline in Short Interest

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 3,624 shares, a decline of 82.0% from the April 30th total of 20,151 shares. Based on an average trading volume of 195,258 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft started coverage on EssilorLuxottica in a report on Tuesday, May 12th. They set a “hold” rating for the company. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

EssilorLuxottica Price Performance

Shares of OTCMKTS:ESLOY opened at $101.55 on Thursday. The firm’s 50 day simple moving average is $109.80 and its 200-day simple moving average is $140.65. EssilorLuxottica has a one year low of $96.56 and a one year high of $186.81. The company has a quick ratio of 0.70, a current ratio of 0.99 and a debt-to-equity ratio of 0.17.

EssilorLuxottica Company Profile

EssilorLuxottica SE is a global ophthalmic optics company formed through the 2018 merger of France-based Essilor and Italy-based Luxottica. Headquartered near Paris, the company combines lens manufacturing, frame design and production, brand management and retail operations to provide a vertically integrated offering across the vision care value chain. Its activities span product research and development, manufacturing, wholesale distribution and retailing of spectacles, sunglasses and ophthalmic lenses.

The company’s product portfolio includes prescription and non-prescription lenses, lens coatings and treatments, and an array of eyewear brands and frames.