Kering SA (OTCMKTS:PPRUY) Short Interest Update

Kering SA (OTCMKTS:PPRUY) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 15,004 shares, a decline of 70.1% from the November 30th total of 50,122 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 249,264 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 249,264 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

PPRUY has been the topic of a number of recent analyst reports. HSBC lowered Kering from a “buy” rating to a “hold” rating in a research report on Friday, October 24th. Barclays restated an “underweight” rating on shares of Kering in a report on Tuesday, October 7th. Sanford C. Bernstein cut shares of Kering from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Berenberg Bank reissued a “sell” rating on shares of Kering in a research report on Thursday, October 16th. Finally, Citigroup restated a “neutral” rating on shares of Kering in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Kering Trading Up 1.4%

Shares of OTCMKTS:PPRUY opened at $35.71 on Thursday. The firm has a fifty day moving average of $35.63 and a two-hundred day moving average of $29.68. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 0.87. Kering has a 12-month low of $17.02 and a 12-month high of $40.70.

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.