Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Short Interest Update

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 266 shares, a drop of 69.9% from the July 30th total of 885 shares. Based on an average trading volume of 242,598 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of research firms recently weighed in on SFRGY. Zacks Research raised Salvatore Ferragamo to a “hold” rating in a report on Thursday, June 25th. Citigroup reissued a “neutral” rating on shares of Salvatore Ferragamo in a report on Monday, August 17th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Salvatore Ferragamo currently has a consensus rating of “Hold”.

Salvatore Ferragamo Stock Performance

OTCMKTS:SFRGY opened at $5.42 on Friday. Salvatore Ferragamo has a fifty-two week low of $2.65 and a fifty-two week high of $6.72. The company has a fifty day moving average of $5.83 and a two-hundred day moving average of $4.92.

About Salvatore Ferragamo

Salvatore Ferragamo S.p.A. operates as a designer, producer and distributor of high-end luxury footwear, leather goods, apparel and accessories. The company’s product portfolio spans men’s and women’s shoes, handbags, small leather items, silk products, ready-to-wear collections, eyewear, fragrances and watches. Through its vertically integrated business model, Ferragamo controls key aspects of the value chain, from design and manufacturing to wholesale distribution and direct-to-consumer retail.

Founded in 1927 by Italian shoemaker Salvatore Ferragamo, the company is headquartered in Florence, Italy and has grown into a globally recognized luxury brand.