Short Interest in Kering SA (OTCMKTS:PPRUY) Declines By 57.4%


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Kering SA (OTCMKTS:PPRUY) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 13,500 shares, a drop of 57.4% from the December 15th total of 31,700 shares. Based on an average daily volume of 248,600 shares, the days-to-cover ratio is currently 0.1 days.

A number of analysts have weighed in on the stock. UBS Group cut shares of Kering from a “buy” rating to a “neutral” rating in a report on Monday, December 7th. Zacks Investment Research upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Kering in a research report on Monday, October 5th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Kering in a report on Friday, October 23rd. Finally, Smith Barney Citigroup reaffirmed a “buy” rating on shares of Kering in a report on Monday, December 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $76.00.

Shares of OTCMKTS:PPRUY traded down $0.66 on Wednesday, reaching $69.62. The company’s stock had a trading volume of 42,963 shares, compared to its average volume of 55,054. The stock’s 50-day moving average is $70.71 and its two-hundred day moving average is $65.22. Kering has a 52-week low of $36.62 and a 52-week high of $74.44. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.06 and a quick ratio of 0.65. The stock has a market capitalization of $87.92 billion, a P/E ratio of 23.60 and a beta of 0.72.

About Kering

Kering SA develops, designs, manufactures, markets, and sells apparel and accessories. The company offers shoes; leather goods, including handbags and wallets, and other leather products; eyewear, textile accessories, etc.; jewelry and watches; and T-shirts, sweatshirts, polo shirts, etc., as well as ready-to-wear products for men and women.

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