LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) Short Interest Down 73.9% in March

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 64,700 shares, a decline of 73.9% from the February 28th total of 247,800 shares. Based on an average trading volume of 640,200 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Price Performance

Shares of LVMUY stock traded down $0.44 during trading hours on Friday, reaching $126.48. The stock had a trading volume of 289,776 shares, compared to its average volume of 367,595. The stock’s fifty day simple moving average is $140.57 and its 200 day simple moving average is $135.83. LVMH Moët Hennessy – Louis Vuitton, Société Européenne has a 12 month low of $119.56 and a 12 month high of $183.65.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 13th. Investors of record on Wednesday, April 23rd will be issued a dividend of $1.6206 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This is a positive change from LVMH Moët Hennessy – Louis Vuitton, Société Européenne’s previous dividend of $1.18.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LVMUY shares. Hsbc Global Res upgraded shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Bank of America raised shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “neutral” rating to a “buy” rating in a report on Thursday, January 16th. HSBC upgraded shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “buy” rating in a research note on Monday, December 2nd. Finally, Kepler Capital Markets upgraded LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a buy rating and five have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

About LVMH Moët Hennessy – Louis Vuitton, Société Européenne

LVMH Moët Hennessy – Louis Vuitton, Société Européenne operates as a luxury goods company worldwide. The company offers wines, and spirits under the domaine des Lambrays, Château d'Yquem, Dom Pérignon, Ruinart, Moët & Chandon, Hennessy, Veuve Clicquot, Château Galoupet, Ardbeg, Château Cheval Blanc, Glenmorangie, Krug, Mercier, Chandon, Joseph Phelps, Newton Vineyard, Cloudy Bay, Belvedere, Colgin Cellars,Terrazas de los Andes, Bodega Numanthia, Cheval des Andes, Woodinville, Ao Yun, Clos19, Volcan de mi Tierra, and Eminente brands; and fashion and leather products under the Loewe, Moynat, Louis Vuitton, Berluti, RIMOWA, Patou, Loro Piana, FENDI, Celine, Christian Dior, Emilio Pucci, Givenchy, Kenzo, and Marc Jacobs brands.