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

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 8,157 shares, a growth of 576.9% from the February 12th total of 1,205 shares. Based on an average trading volume of 38,490 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 38,490 shares, the days-to-cover ratio is presently 0.2 days.

Moncler Stock Down 3.3%

OTCMKTS:MONRY traded down $2.08 during midday trading on Thursday, hitting $60.52. The company had a trading volume of 1,251 shares, compared to its average volume of 25,540. Moncler has a 52-week low of $53.24 and a 52-week high of $70.16. The stock’s fifty day moving average price is $61.75 and its 200-day moving average price is $62.07.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Moncler from a “neutral” rating to an “overweight” rating in a report on Friday, November 28th. Barclays restated an “overweight” rating on shares of Moncler in a research note on Monday, February 23rd. Finally, Kepler Capital Markets raised Moncler from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “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.