Compagnie Financière Richemont SA (OTCMKTS:CFRUY) Sees Significant Drop in Short Interest

Compagnie Financière Richemont SA (OTCMKTS:CFRUY) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 65,900 shares, a decline of 46.3% from the November 30th total of 122,800 shares. Based on an average daily volume of 1,554,800 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Barclays raised shares of Compagnie Financière Richemont to a “strong-buy” rating in a research note on Tuesday, September 17th.

Compagnie Financière Richemont Trading Down 1.3 %

Shares of CFRUY stock traded down $0.17 during trading hours on Friday, hitting $15.21. 503,876 shares of the company’s stock traded hands, compared to its average volume of 495,699. The stock’s 50 day simple moving average is $14.41 and its 200 day simple moving average is $14.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.65 and a quick ratio of 1.97. Compagnie Financière Richemont has a 12 month low of $11.96 and a 12 month high of $16.91.

Compagnie Financière Richemont Company Profile

Compagnie Financière Richemont SA engages in the luxury goods business in France, the United Kingdom, Italy, Switzerland, and rest of Europe. The company operates through Jewellery Maisons, Specialist Watchmakers, and Other segments. It designs, manufactures, and distributes jewelry products, precision timepieces, watches, writing instruments, clothing, and leather goods and accessories.