Kering SA (OTCMKTS:PPRUY) Short Interest Up 217.6% in March

Kering SA (OTCMKTS:PPRUY) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 59,700 shares, a growth of 217.6% from the February 28th total of 18,800 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 475,600 shares, the days-to-cover ratio is presently 0.1 days.

Kering Stock Down 0.9 %

OTCMKTS:PPRUY traded down $0.20 during mid-day trading on Thursday, hitting $21.49. 1,023,855 shares of the stock traded hands, compared to its average volume of 347,226. 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 has a 52 week low of $21.45 and a 52 week high of $40.19. The firm’s 50 day moving average is $26.25 and its two-hundred day moving average is $25.26.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PPRUY. JPMorgan Chase & Co. cut shares of Kering from a “neutral” rating to an “underweight” rating in a research report on Monday, December 2nd. Kepler Capital Markets raised Kering from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 26th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently 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.