Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) Sees Large Increase in Short Interest

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 365,814 shares, an increase of 169.7% from the August 31st total of 135,618 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 814,973 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC purchased a new stake in shares of Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 501,500 shares of the company’s stock, valued at approximately $11,598,000.

Compagnie Financiere Richemont Price Performance

OTCMKTS CFRUY traded up $0.03 on Monday, hitting $20.80. 437,806 shares of the company traded hands, compared to its average volume of 548,959. The business’s 50 day moving average price is $22.89 and its 200-day moving average price is $21.18. Compagnie Financiere Richemont has a 52-week low of $16.26 and a 52-week high of $24.86. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.10 and a quick ratio of 2.06.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada cut shares of Compagnie Financiere Richemont from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy”.

Compagnie Financiere Richemont Company Profile

Compagnie Financière Richemont SA is a Switzerland-based luxury goods group that owns and manages a portfolio of prestigious maisons. Its businesses primarily serve the jewelry, watches, fashion and accessories, and writing instruments markets, with products sold through company-operated boutiques, e-commerce channels, and selected wholesale partners.

The group’s maisons include Cartier and Van Cleef & Arpels in jewelry; Vacheron Constantin, Jaeger-LeCoultre, IWC Schaffhausen, Piaget, Panerai, A.