Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) Sees Large Decline in Short Interest

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 4 shares, a decrease of 99.7% from the January 15th total of 1,422 shares. Based on an average daily volume of 46,752 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 46,752 shares, the days-to-cover ratio is presently 0.0 days.

Moncler Price Performance

MONRY traded down $0.37 during mid-day trading on Thursday, reaching $61.21. 12,836 shares of the company traded hands, compared to its average volume of 31,219. The company’s fifty day moving average price is $62.34 and its 200-day moving average price is $60.72. Moncler has a 52-week low of $53.24 and a 52-week high of $71.79.

Analysts Set New Price Targets

Several analysts recently weighed in on MONRY shares. JPMorgan Chase & Co. upgraded shares of Moncler from a “neutral” rating to an “overweight” rating in a research note on Friday, November 28th. Barclays raised shares of Moncler from a “hold” rating to an “overweight” rating in a research report on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate 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.