Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Sees Significant Decrease in Short Interest

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 1,458 shares, a decline of 88.5% from the January 29th total of 12,688 shares. Based on an average trading volume of 2,343 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 2,343 shares, the days-to-cover ratio is presently 0.6 days.

Analysts Set New Price Targets

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

Salvatore Ferragamo Price Performance

Shares of SFRGY traded down $0.05 during midday trading on Wednesday, reaching $4.03. 2,835 shares of the stock were exchanged, compared to its average volume of 2,635. Salvatore Ferragamo has a 52 week low of $2.54 and a 52 week high of $5.27. The company’s 50 day moving average is $4.39 and its two-hundred day moving average is $3.88.

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.