Short Interest in Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Expands By 56.5%

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 1,642 shares, an increase of 56.5% from the February 26th total of 1,049 shares. Based on an average trading volume of 6,228 shares, the days-to-cover ratio is presently 0.3 days.

Salvatore Ferragamo Stock Down 3.6%

Shares of Salvatore Ferragamo stock opened at $3.66 on Friday. The firm’s 50 day moving average price is $3.93 and its 200-day moving average price is $4.03. Salvatore Ferragamo has a 52-week low of $2.54 and a 52-week high of $5.27.

Analysts Set New Price Targets

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

Salvatore Ferragamo Company Profile

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.