Short Interest in Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) Grows By 258.3%

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 2,121 shares, a growth of 258.3% from the July 30th total of 592 shares. Based on an average daily trading volume, of 28,427 shares, the days-to-cover ratio is presently 0.1 days.

Moncler Stock Performance

Moncler stock opened at $55.20 on Thursday. Moncler has a 12 month low of $53.10 and a 12 month high of $71.41. The stock’s 50 day simple moving average is $57.16 and its two-hundred day simple moving average is $60.62.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Morgan Stanley began coverage on shares of Moncler in a report on Tuesday, June 23rd. They issued an “equal weight” rating on the stock. Citigroup restated a “buy” rating on shares of Moncler in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Moncler 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.