Short Interest in Kering SA (OTCMKTS:PPRUY) Declines By 33.9%

Kering SA (OTCMKTS:PPRUY) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 15,600 shares, a decline of 33.9% from the January 15th total of 23,600 shares. Based on an average daily volume of 627,000 shares, the days-to-cover ratio is currently 0.0 days.

Kering Trading Up 3.2 %

OTCMKTS PPRUY opened at $28.74 on Friday. Kering has a 52 week low of $21.69 and a 52 week high of $47.41. The business has a 50 day moving average price of $25.04 and a 200-day moving average price of $25.72. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.87 and a current ratio of 1.38.

Kering Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were given a dividend of $0.2097 per share. The ex-dividend date of this dividend was Monday, January 13th.

Analyst Ratings Changes

A number of brokerages have weighed in on PPRUY. Berenberg Bank upgraded Kering to a “hold” rating in a report on Wednesday, October 30th. Citigroup downgraded Kering from a “buy” rating to a “neutral” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. downgraded Kering from a “neutral” rating to an “underweight” rating in a report on Monday, December 2nd. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, Kering currently has an average rating of “Hold”.

Kering Company Profile

Kering SA manages the development of a series of renowned houses in fashion, leather goods and jewelry in France, the Asia-Pacific, Western Europe, North America, Japan, and internationally. The company offers ready-to-wear products apparel and accessories for men and women. It also offers leather goods and shoes; watches and jewelry; eyewear products; and fragrances and cosmetics.