Kering SA (OTCMKTS:PPRUY) Short Interest Down 68.8% in August

Kering SA (OTCMKTS:PPRUY) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 73,003 shares, a decline of 68.8% from the August 15th total of 233,795 shares. Based on an average trading volume of 174,957 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

Kering Trading Up 1.9%

PPRUY traded up $0.51 during trading on Friday, hitting $27.60. 506,818 shares of the company’s stock traded hands, compared to its average volume of 297,244. The company’s 50 day simple moving average is $29.67 and its two-hundred day simple moving average is $29.58. Kering has a 12-month low of $26.22 and a 12-month high of $40.70. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.92 and a current ratio of 1.39.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. HSBC upgraded Kering from a “hold” rating to a “buy” rating in a research note on Wednesday, July 29th. Zacks Research upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Kering in a research note on Wednesday, August 12th. Citigroup reaffirmed a “neutral” rating on shares of Kering in a research report on Monday, August 17th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Kering in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Kering presently has an average rating of “Hold”.

About Kering

Kering is a France-based global luxury goods group that develops and manages premium brands across fashion, leather goods, jewelry, watches, eyewear and beauty. Its portfolio includes Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo and Ginori 1735. Kering Eyewear designs, manufactures and distributes prescription frames and sunglasses for its own and other luxury brands.

The group serves customers internationally through directly operated stores, e-commerce platforms, wholesale partners and other distribution channels.