Moncler S.p.A. (OTCMKTS:MONRF) Sees Large Increase in Short Interest

Moncler S.p.A. (OTCMKTS:MONRF) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 2,431,086 shares, a growth of 86.0% from the August 15th total of 1,306,918 shares. Based on an average trading volume of 840 shares, the days-to-cover ratio is presently 2,894.2 days.

Moncler Stock Performance

Shares of MONRF opened at $49.96 on Wednesday. Moncler has a fifty-two week low of $49.96 and a fifty-two week high of $70.09. The firm has a 50 day moving average price of $57.36 and a 200-day moving average price of $60.89.

Moncler Company Profile

Moncler is an Italian luxury apparel company specializing in high-performance outerwear inspired by mountain exploration. The company’s product portfolio centers on down-filled jackets and vests designed for cold-weather conditions, complemented by skiwear, technical rainwear, ready-to-wear collections, footwear, accessories and homeware items. Moncler blends innovative fabrics, lightweight construction and refined aesthetics to serve both functional and fashion-conscious markets.

Originally founded in 1952 in Monestier-de-Clermont, near Grenoble, France, by René Ramillon and André Vincent, Moncler built its reputation outfitting mountaineers on expeditions.