Short Interest in Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Declines By 28.1%

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 1,049 shares, a drop of 28.1% from the February 12th total of 1,458 shares. Based on an average daily trading volume, of 2,869 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 2,869 shares, the short-interest ratio is presently 0.4 days.

Salvatore Ferragamo Stock Performance

Salvatore Ferragamo stock traded down $0.02 during mid-day trading on Monday, hitting $3.88. 758 shares of the company were exchanged, compared to its average volume of 2,697. Salvatore Ferragamo has a 12-month low of $2.54 and a 12-month high of $5.27. The business’s 50 day simple moving average is $4.10 and its two-hundred day simple moving average is $3.97.

Analyst Ratings Changes

Separately, Citigroup reissued a “neutral” rating on shares of Salvatore Ferragamo in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

About Salvatore Ferragamo

Salvatore Ferragamo S.p.A. operates as a designer, producer and distributor of high-end luxury footwear, leather goods, apparel and accessories. The company’s product portfolio spans men’s and women’s shoes, handbags, small leather items, silk products, ready-to-wear collections, eyewear, fragrances and watches. Through its vertically integrated business model, Ferragamo controls key aspects of the value chain, from design and manufacturing to wholesale distribution and direct-to-consumer retail.

Founded in 1927 by Italian shoemaker Salvatore Ferragamo, the company is headquartered in Florence, Italy and has grown into a globally recognized luxury brand.