Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) Sees Large Increase in Short Interest

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 365,814 shares, a growth of 169.7% from the August 31st total of 135,618 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 814,973 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Compagnie Financiere Richemont

An institutional investor recently bought a new position in Compagnie Financiere Richemont stock. Azimuth Capital Investment Management LLC bought a new position in shares of Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 501,500 shares of the company’s stock, valued at approximately $11,598,000.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada cut shares of Compagnie Financiere Richemont from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Compagnie Financiere Richemont Trading Up 0.5%

Shares of Compagnie Financiere Richemont stock opened at $20.78 on Friday. The company has a quick ratio of 2.06, a current ratio of 3.10 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average of $22.89 and a 200 day moving average of $21.16. Compagnie Financiere Richemont has a fifty-two week low of $16.26 and a fifty-two week high of $24.86.

Compagnie Financiere Richemont Company Profile

Compagnie Financière Richemont SA is a Switzerland-based luxury goods company with a portfolio spanning jewelry, watches, fashion, accessories and writing instruments. The group operates through a collection of internationally recognized Maisons, including Cartier, Van Cleef & Arpels, Buccellati, Montblanc, Chloé, Alaïa, Delvaux and Dunhill.

Richemont’s specialist watchmakers include A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin.