LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) Stock Short Interest Drops 54.4%

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 51,677 shares, a drop of 54.4% from the August 31st total of 113,262 shares. Based on an average daily volume of 1,141,104 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

LVMH-Moet Hennessy Louis Vuitton Stock Down 1.4%

OTCMKTS LVMUY traded down $1.28 on Tuesday, hitting $89.68. 449,920 shares of the company’s stock were exchanged, compared to its average volume of 422,339. The firm’s 50-day moving average price is $102.41 and its two-hundred day moving average price is $107.87. LVMH-Moet Hennessy Louis Vuitton has a fifty-two week low of $89.04 and a fifty-two week high of $152.95. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.58.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Royal Bank Of Canada cut LVMH-Moet Hennessy Louis Vuitton from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. HSBC cut shares of LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a research note on Wednesday, September 9th. Finally, Zacks Research upgraded shares of LVMH-Moet Hennessy Louis Vuitton from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, LVMH-Moet Hennessy Louis Vuitton has an average rating of “Moderate Buy”.

LVMH-Moet Hennessy Louis Vuitton Company Profile

LVMH Moët Hennessy Louis Vuitton SE is a France-based luxury goods group whose portfolio spans wines and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewelry, and selective retailing. Its brands include Louis Vuitton, Christian Dior, Fendi, Celine, Loewe, Givenchy, Moët & Chandon, Hennessy, Bulgari, TAG Heuer, Sephora and DFS.

The company was formed in 1987 through the merger of Louis Vuitton with Moët Hennessy. LVMH develops, produces and distributes luxury products through a combination of directly operated stores, e-commerce channels, wholesale networks and hospitality or travel-retail locations.