Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Short Interest Down 66.9% in December

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 60 shares, a decline of 66.9% from the November 30th total of 181 shares. Based on an average trading volume of 19,917 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 19,917 shares, the short-interest ratio is presently 0.0 days.

Salvatore Ferragamo Price Performance

Shares of OTCMKTS:SFRGY opened at $4.56 on Friday. The company’s 50 day simple moving average is $4.41 and its 200 day simple moving average is $3.48. Salvatore Ferragamo has a 1 year low of $2.54 and a 1 year high of $5.19.

Wall Street Analysts Forecast Growth

Separately, Citigroup reissued a “neutral” rating on shares of Salvatore Ferragamo in a report on Tuesday, December 16th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Salvatore Ferragamo presently has a consensus rating of “Hold”.

Salvatore Ferragamo Company Profile

Salvatore Ferragamo S.p.A. operates as a designer, producer and distributor of high-end luxury footwear, leather goods, apparel and accessories. The company’s product portfolio spans men’s and women’s shoes, handbags, small leather items, silk products, ready-to-wear collections, eyewear, fragrances and watches. Through its vertically integrated business model, Ferragamo controls key aspects of the value chain, from design and manufacturing to wholesale distribution and direct-to-consumer retail.

Founded in 1927 by Italian shoemaker Salvatore Ferragamo, the company is headquartered in Florence, Italy and has grown into a globally recognized luxury brand.