Short Interest in Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) Grows By 89.9%

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 322,283 shares, a growth of 89.9% from the April 30th total of 169,678 shares. Based on an average daily trading volume, of 817,270 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Compagnie Financiere Richemont Trading Up 0.2%

OTCMKTS:CFRUY opened at $21.23 on Wednesday. Compagnie Financiere Richemont has a 1-year low of $15.58 and a 1-year high of $22.15. The business’s 50-day moving average price is $19.19 and its two-hundred day moving average price is $19.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.82 and a quick ratio of 1.87.

About Compagnie Financiere Richemont

Compagnie Financière Richemont SA is a Switzerland-based luxury goods holding company headquartered in Geneva. The group designs, manufactures and distributes high-end jewelry, watches, leather goods, writing instruments, accessories and fashion items through a portfolio of maisons and specialist retailers. Richemont’s business model combines brand ownership with direct retail operations and selective wholesale distribution to serve affluent consumers worldwide.

Richemont’s portfolio includes several well-known luxury maisons that operate across distinct product categories, notably jewellery and watchmaking, as well as leather goods and accessories.