Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 1 shares, a drop of 99.9% from the June 15th total of 1,565 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 6,030 shares, the short-interest ratio is currently 0.0 days.
Salvatore Ferragamo Trading Up 1.6%
OTCMKTS SFRGY traded up $0.10 during trading on Friday, hitting $5.93. The company had a trading volume of 816 shares, compared to its average volume of 2,882. The company’s fifty day moving average is $5.29 and its 200-day moving average is $4.60. Salvatore Ferragamo has a one year low of $2.54 and a one year high of $6.72. The company has a market cap of $2.00 billion and a price-to-earnings ratio of 12.13.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of Salvatore Ferragamo to a “hold” rating in a report on Thursday, June 25th. Citigroup reaffirmed a “neutral” rating on shares of Salvatore Ferragamo in a research report on Tuesday, June 30th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Salvatore Ferragamo has a consensus rating of “Hold”.
About Salvatore Ferragamo
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.
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