Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) Short Interest Down 50.9% in August

Compagnie Financiere Richemont AG (OTCMKTS:CFRUY) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 118,903 shares, a drop of 50.9% from the July 30th total of 242,031 shares. Based on an average daily volume of 832,613 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

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

Compagnie Financiere Richemont Stock Performance

Shares of CFRUY traded up $0.26 during mid-day trading on Friday, hitting $23.92. The company’s stock had a trading volume of 326,645 shares, compared to its average volume of 477,074. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.06 and a current ratio of 3.10. The firm has a 50-day moving average price of $23.40 and a 200 day moving average price of $20.96. Compagnie Financiere Richemont has a fifty-two week low of $16.26 and a fifty-two week high of $24.86.

About Compagnie Financiere Richemont

Compagnie Financière Richemont SA is a Switzerland-based luxury goods holding company headquartered in Geneva. The group designs, manufactures and distributes high-end jewelry, watches, leather goods, writing instruments, accessories and fashion items through a portfolio of maisons and specialist retailers. Richemont’s business model combines brand ownership with direct retail operations and selective wholesale distribution to serve affluent consumers worldwide.

Richemont’s portfolio includes several well-known luxury maisons that operate across distinct product categories, notably jewellery and watchmaking, as well as leather goods and accessories.