Kering SA (OTCMKTS:PPRUY) Short Interest Up 21.1% in January

Kering SA (OTCMKTS:PPRUY) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 25,974 shares, a growth of 21.1% from the January 15th total of 21,452 shares. Based on an average trading volume of 305,496 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 305,496 shares, the days-to-cover ratio is currently 0.1 days.

Kering Trading Up 1.1%

Shares of PPRUY stock opened at $33.78 on Tuesday. The firm has a 50-day moving average price of $34.11 and a 200 day moving average price of $32.72. Kering has a twelve month low of $17.02 and a twelve month high of $40.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 0.87.

Wall Street Analyst Weigh In

PPRUY has been the topic of a number of research analyst reports. Citigroup reiterated a “neutral” rating on shares of Kering in a research report on Tuesday, January 13th. HSBC downgraded Kering from a “buy” rating to a “hold” rating in a research note on Friday, October 24th. DZ Bank raised shares of Kering from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Morgan Stanley restated an “overweight” rating on shares of Kering in a research report on Friday, February 6th. Finally, Sanford C. Bernstein lowered shares of Kering from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Kering Company Profile

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.