Kering SA (OTCMKTS:PPRUY) Short Interest Update

Kering SA (OTCMKTS:PPRUY) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 63,299 shares, a decrease of 66.6% from the June 30th total of 189,301 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 452,271 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PPRUY shares. Barclays raised Kering from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Zacks Research lowered shares of Kering from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. TD Cowen reiterated a “buy” rating on shares of Kering in a research note on Thursday, April 9th. Finally, HSBC downgraded shares of Kering from a “buy” rating to a “hold” rating in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kering presently has an average rating of “Hold”.

Kering Stock Performance

Kering stock traded up $3.97 during midday trading on Tuesday, reaching $31.03. The company’s stock had a trading volume of 570,274 shares, compared to its average volume of 237,820. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.92 and a current ratio of 1.39. Kering has a 52 week low of $24.27 and a 52 week high of $40.70. The business has a 50-day moving average price of $29.02 and a 200-day moving average price of $30.21.

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.