Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) Sees Large Decline in Short Interest

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 180,232 shares, a decrease of 44.1% from the May 14th total of 322,283 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 717,685 shares, the days-to-cover ratio is currently 0.3 days.

Compagnie Financiere Richemont Price Performance

OTCMKTS CFRUY opened at $22.47 on Monday. Compagnie Financiere Richemont has a fifty-two week low of $15.58 and a fifty-two week high of $22.50. The stock’s 50-day moving average is $19.89 and its two-hundred day moving average is $20.01. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.87 and a current ratio of 2.82.

Compagnie Financiere Richemont Company Profile

Compagnie Financière Richemont SA is a Switzerland-based luxury goods holding company headquartered in Geneva. The group designs, manufactures and distributes high-end jewelry, watches, leather goods, writing instruments, accessories and fashion items through a portfolio of maisons and specialist retailers. Richemont’s business model combines brand ownership with direct retail operations and selective wholesale distribution to serve affluent consumers worldwide.

Richemont’s portfolio includes several well-known luxury maisons that operate across distinct product categories, notably jewellery and watchmaking, as well as leather goods and accessories.