Short Interest in LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) Decreases By 33.5%

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 43,000 shares, a decline of 33.5% from the March 15th total of 64,700 shares. Based on an average daily trading volume, of 681,000 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Price Performance

LVMUY traded up $0.32 during trading on Thursday, reaching $108.93. 720,965 shares of the company were exchanged, compared to its average volume of 443,445. LVMH Moët Hennessy – Louis Vuitton, Société Européenne has a 52 week low of $106.48 and a 52 week high of $183.65. The firm has a 50 day moving average of $132.32 and a 200 day moving average of $133.80.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on LVMUY. Bank of America raised shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “neutral” rating to a “buy” rating in a research report on Thursday, January 16th. Kepler Capital Markets raised shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat, LVMH Moët Hennessy – Louis Vuitton, Société Européenne has an average rating of “Strong Buy”.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Company Profile

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.