Short Interest in EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) Declines By 81.4%

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) was the recipient of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 11,183 shares, a decrease of 81.4% from the January 29th total of 60,082 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 171,058 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 171,058 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

EssilorLuxottica Price Performance

OTCMKTS:ESLOY traded down $8.21 during midday trading on Friday, hitting $133.00. The company’s stock had a trading volume of 93,634 shares, compared to its average volume of 141,694. The firm’s 50 day moving average is $154.21 and its 200-day moving average is $162.95. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.97 and a quick ratio of 0.67. EssilorLuxottica has a fifty-two week low of $126.47 and a fifty-two week high of $186.81.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ESLOY. Kepler Capital Markets upgraded shares of EssilorLuxottica from a “hold” rating to a “buy” rating in a report on Thursday, January 15th. UBS Group upgraded shares of EssilorLuxottica from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 27th. Zacks Research downgraded EssilorLuxottica from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. The Goldman Sachs Group reissued a “buy” rating on shares of EssilorLuxottica in a research report on Friday, December 5th. Finally, Citigroup reaffirmed a “buy” rating on shares of EssilorLuxottica in a research report on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, EssilorLuxottica presently has a consensus rating of “Buy”.

EssilorLuxottica Company Profile

EssilorLuxottica SE is a global ophthalmic optics company formed through the 2018 merger of France-based Essilor and Italy-based Luxottica. Headquartered near Paris, the company combines lens manufacturing, frame design and production, brand management and retail operations to provide a vertically integrated offering across the vision care value chain. Its activities span product research and development, manufacturing, wholesale distribution and retailing of spectacles, sunglasses and ophthalmic lenses.

The company’s product portfolio includes prescription and non-prescription lenses, lens coatings and treatments, and an array of eyewear brands and frames.