Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Sees Significant Growth in Short Interest

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 2,200 shares, an increase of 69.2% from the September 15th total of 1,300 shares. Based on an average trading volume of 5,800 shares, the short-interest ratio is currently 0.4 days.

SFRGY has been the topic of several recent analyst reports. Morgan Stanley reiterated an “equal weight” rating on shares of Salvatore Ferragamo in a research note on Wednesday, July 29th. Jefferies Financial Group upgraded Salvatore Ferragamo from a “hold” rating to a “buy” rating in a research report on Wednesday, August 26th. Goldman Sachs Group upgraded Salvatore Ferragamo from a “neutral” rating to a “buy” rating in a research note on Friday, September 25th. UBS Group reissued a “neutral” rating on shares of Salvatore Ferragamo in a report on Wednesday, September 16th. Finally, Credit Suisse Group reaffirmed an “underperform” rating on shares of Salvatore Ferragamo in a research note on Thursday, September 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Salvatore Ferragamo currently has a consensus rating of “Hold”.

SFRGY opened at $7.56 on Friday. The business’s fifty day simple moving average is $7.38 and its 200 day simple moving average is $6.85. Salvatore Ferragamo has a 52 week low of $5.19 and a 52 week high of $10.90.

Salvatore Ferragamo Company Profile

Salvatore Ferragamo S.p.A., through its subsidiaries, creates, produces, and sells luxury goods for men and women in Europe, North America, Japan, the Asia Pacific, and Central and South America. The company offers men's and women's footwear; leather goods, such as handbags, suitcases, belts, wallets, and other men's and women's leather accessories; and knitwear, clothes for formal occasions, sportswear, and leisure wear, as well as outerwear, such as husky jackets, ponchos, and leather garments.

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