Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) Short Interest Up 89.9% in May

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 322,283 shares, a growth of 89.9% from the April 30th total of 169,678 shares. Based on an average daily trading volume, of 817,270 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Compagnie Financiere Richemont Trading Down 1.5%

Compagnie Financiere Richemont stock opened at $21.18 on Tuesday. The business has a 50 day moving average of $19.19 and a 200-day moving average of $19.97. Compagnie Financiere Richemont has a 1 year low of $15.58 and a 1 year high of $22.15. The company has a quick ratio of 1.87, a current ratio of 2.82 and a debt-to-equity ratio of 0.20.

About Compagnie Financiere Richemont

Compagnie Financière Richemont SA is a Switzerland-based luxury goods holding company headquartered in Geneva. The group designs, manufactures and distributes high-end jewelry, watches, leather goods, writing instruments, accessories and fashion items through a portfolio of maisons and specialist retailers. Richemont’s business model combines brand ownership with direct retail operations and selective wholesale distribution to serve affluent consumers worldwide.

Richemont’s portfolio includes several well-known luxury maisons that operate across distinct product categories, notably jewellery and watchmaking, as well as leather goods and accessories.