LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) Sees Significant Increase in Short Interest

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 227,402 shares, an increase of 340.0% from the September 15th total of 51,677 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,268,479 shares, the days-to-cover ratio is presently 0.2 days.

LVMH-Moet Hennessy Louis Vuitton Price Performance

LVMUY opened at $83.23 on Tuesday. The company has a fifty day simple moving average of $98.15 and a 200 day simple moving average of $106.26. LVMH-Moet Hennessy Louis Vuitton has a twelve month low of $82.29 and a twelve month high of $152.95. The company has a quick ratio of 0.78, a current ratio of 1.63 and a debt-to-equity ratio of 0.19.

Analyst Ratings Changes

LVMUY has been the subject of a number of recent analyst reports. Royal Bank Of Canada downgraded LVMH-Moet Hennessy Louis Vuitton from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 22nd. HSBC cut LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a report on Wednesday, September 9th. Three research analysts have rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

LVMH-Moet Hennessy Louis Vuitton Company Profile

LVMH Moët Hennessy Louis Vuitton SE is a France-based luxury goods group whose portfolio spans wines and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewelry, and selective retailing. Its brands include Louis Vuitton, Christian Dior, Fendi, Celine, Loewe, Givenchy, Moët & Chandon, Hennessy, Bulgari, TAG Heuer, Sephora and DFS.

The company was formed in 1987 through the merger of Louis Vuitton with Moët Hennessy. LVMH develops, produces and distributes luxury products through a combination of directly operated stores, e-commerce channels, wholesale networks and hospitality or travel-retail locations.