EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) Short Interest Down 83.4% in December

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 4,976 shares, a drop of 83.4% from the November 30th total of 29,971 shares. Based on an average daily volume of 82,629 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 82,629 shares, the short-interest ratio is presently 0.1 days.

EssilorLuxottica Stock Performance

OTCMKTS ESLOY traded down $0.69 on Thursday, hitting $158.60. The company’s stock had a trading volume of 77,196 shares, compared to its average volume of 39,439. EssilorLuxottica has a 52-week low of $118.18 and a 52-week high of $186.81. The company’s 50-day simple moving average is $176.85 and its 200 day simple moving average is $159.57. The company has a current ratio of 0.97, a quick ratio of 0.67 and a debt-to-equity ratio of 0.18.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating on shares of EssilorLuxottica in a research note on Friday, December 5th. Citigroup restated a “buy” rating on shares of EssilorLuxottica in a research report on Thursday, December 11th. UBS Group raised EssilorLuxottica from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 27th. Barclays began coverage on EssilorLuxottica in a research report on Tuesday, September 9th. They issued an “overweight” rating for the company. Finally, Zacks Research cut shares of EssilorLuxottica from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

About EssilorLuxottica

EssilorLuxottica SE is a global ophthalmic optics company formed through the 2018 merger of France-based Essilor and Italy-based Luxottica. Headquartered near Paris, the company combines lens manufacturing, frame design and production, brand management and retail operations to provide a vertically integrated offering across the vision care value chain. Its activities span product research and development, manufacturing, wholesale distribution and retailing of spectacles, sunglasses and ophthalmic lenses.

The company’s product portfolio includes prescription and non-prescription lenses, lens coatings and treatments, and an array of eyewear brands and frames.