Short Interest in Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGF) Decreases By 23.0%

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGF) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totaling 642,810 shares, a decline of 23.0% from the March 15th total of 834,552 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ? days.

Salvatore Ferragamo Price Performance

OTCMKTS:SFRGF opened at $10.15 on Wednesday. Salvatore Ferragamo has a one year low of $9.00 and a one year high of $10.15. The company’s 50-day simple moving average is $10.15 and its 200 day simple moving average is $8.29.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised shares of Salvatore Ferragamo from an “underperform” rating to an “outperform” rating in a research note on Monday, March 30th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Salvatore Ferragamo Company Profile

Salvatore Ferragamo S.p.A. is an Italian luxury fashion house known for its craftsmanship in footwear, leather goods, ready-to-wear, accessories, eyewear, watches and fragrances. Since its founding, the company has built a reputation for combining innovative design with high-quality materials, particularly in its signature shoe collections. In addition to its core footwear business, Ferragamo offers a range of handbags, small leather accessories and silk products that reflect its heritage of artisanal techniques.

The company was established in 1927 in Florence by Salvatore Ferragamo, who gained renown for designing custom shoes for Hollywood stars in the 1930s.