Kering SA (OTCMKTS:PPRUY) Sees Large Growth in Short Interest

Kering SA (OTCMKTS:PPRUY) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 112,803 shares, an increase of 78.2% from the July 15th total of 63,299 shares. Based on an average daily volume of 466,710 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Kering Price Performance

Shares of OTCMKTS PPRUY traded down $0.04 during mid-day trading on Tuesday, reaching $29.59. 15,700 shares of the company were exchanged, compared to its average volume of 233,446. The company’s 50-day simple moving average is $30.13 and its 200-day simple moving average is $30.01. 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 twelve month low of $25.06 and a twelve month high of $40.70.

Analysts Set New Price Targets

Several research firms recently weighed in on PPRUY. Citigroup reissued a “neutral” rating on shares of Kering in a research note on Monday. Barclays upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Zacks Research raised shares of Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Kering in a report on Wednesday, July 29th. Finally, HSBC upgraded shares of Kering from a “hold” rating to a “buy” rating in a research note on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kering has a consensus rating of “Hold”.

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.