Short Interest in Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Rises By 531.6%

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,680 shares, a growth of 531.6% from the August 15th total of 266 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 591 shares, the days-to-cover ratio is presently 2.8 days.

Salvatore Ferragamo Stock Performance

OTCMKTS:SFRGY opened at $4.95 on Friday. Salvatore Ferragamo has a 12-month low of $2.65 and a 12-month high of $6.72. The stock’s fifty day simple moving average is $5.72 and its 200-day simple moving average is $5.00.

Analyst Ratings Changes

SFRGY has been the topic of a number of research reports. Zacks Research upgraded shares of Salvatore Ferragamo to a “hold” rating in a research report on Thursday, June 25th. Citigroup reissued a “neutral” rating on shares of Salvatore Ferragamo in a research note on Monday, August 17th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Salvatore Ferragamo presently 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.