Moncler S.p.A. (OTCMKTS:MONRY) Sees Large Decrease in Short Interest

Moncler S.p.A. (OTCMKTS:MONRY) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 3,300 shares, a decrease of 86.2% from the March 15th total of 23,900 shares. Based on an average daily volume of 46,800 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Citigroup reissued a “buy” rating on shares of Moncler in a report on Thursday, March 20th.

Moncler Stock Performance

Shares of OTCMKTS:MONRY traded down $1.06 during trading on Tuesday, hitting $60.82. 17,754 shares of the company’s stock were exchanged, compared to its average volume of 15,485. The business’s 50-day simple moving average is $65.24 and its 200 day simple moving average is $59.08. Moncler has a 52-week low of $47.12 and a 52-week high of $73.88.

Moncler Company Profile

Moncler S.p.A., together with its subsidiaries, designs, produces, and distributes clothing and related accessories for men, women, and children under the Moncler and Stone Island brand names in Italy, rest of Europe, Asia, the Middle East, Africa, and the Americas. It also offers footwear products; leather goods; bags, backpacks, and accessories; and sunglasses and eyeglasses under the Moncler Lunettes brand.