Kering SA (OTCMKTS:PPRUY) Short Interest Update

Kering SA (OTCMKTS:PPRUY) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 21,452 shares, a decline of 20.6% from the December 31st total of 27,020 shares. Based on an average daily trading volume, of 264,766 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 264,766 shares, the days-to-cover ratio is currently 0.1 days.

Kering Price Performance

Shares of PPRUY stock opened at $30.64 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average price is $34.53 and its 200-day moving average price is $32.18. Kering has a fifty-two week low of $17.02 and a fifty-two week high of $40.70.

Analysts Set New Price Targets

Several brokerages have recently commented on PPRUY. Sanford C. Bernstein lowered Kering from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Barclays restated an “underweight” rating on shares of Kering in a research report on Tuesday, October 7th. Morgan Stanley raised Kering from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 6th. HSBC cut Kering from a “buy” rating to a “hold” rating in a research note on Friday, October 24th. Finally, Citigroup reissued a “neutral” rating on shares of Kering in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kering currently has a consensus rating of “Hold”.

Kering Company Profile

Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.

Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.