Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) Short Interest Up 576.9% in February

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 8,157 shares, an increase of 576.9% from the February 12th total of 1,205 shares. Based on an average daily trading volume, of 38,490 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 38,490 shares, the short-interest ratio is currently 0.2 days.

Moncler Stock Performance

Shares of MONRY traded down $0.50 during midday trading on Tuesday, hitting $64.19. The stock had a trading volume of 74,887 shares, compared to its average volume of 25,159. The company has a 50 day simple moving average of $61.79 and a two-hundred day simple moving average of $62.02. Moncler has a twelve month low of $53.24 and a twelve month high of $70.16.

Analyst Upgrades and Downgrades

MONRY has been the topic of several recent analyst reports. Barclays reiterated an “overweight” rating on shares of Moncler in a report on Monday, February 23rd. Kepler Capital Markets raised Moncler from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. upgraded Moncler from a “neutral” rating to an “overweight” rating in a report on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy”.

About Moncler

Moncler S.p.A. is an Italian luxury fashion house best known for its high-end down jackets and skiwear. Established in 1952 in Monestier-de-Clermont, near Grenoble, France, the company has built a strong reputation for combining technical performance with refined aesthetics. Its core product lineup includes insulated jackets, vests, coats, knitwear, footwear and accessories, all designed to withstand extreme weather while meeting the standards of high fashion.

Originally founded by René Ramillon and André Vincent as a maker of quilted sleeping bags and tents, Moncler gradually shifted focus to outerwear for mountain sports.