Kering SA (OTCMKTS:PPRUY) Short Interest Up 107.3% in August

Kering SA (OTCMKTS:PPRUY) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 233,795 shares, an increase of 107.3% from the July 30th total of 112,803 shares. Based on an average daily volume of 260,539 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PPRUY. HSBC upgraded Kering from a “hold” rating to a “buy” rating in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Kering in a research note on Wednesday, August 12th. Barclays upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Zacks Research raised shares of Kering from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Kering in a research note on Monday, August 17th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Kering Price Performance

Shares of PPRUY stock opened at $29.39 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.92 and a current ratio of 1.39. Kering has a 52 week low of $26.22 and a 52 week high of $40.70. The company’s 50 day moving average price is $29.93 and its two-hundred day moving average price is $29.92.

About Kering

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.