Short Interest in Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGF) Rises By 26.3%

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGF) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 834,552 shares, a growth of 26.3% from the February 26th total of 660,876 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised shares of Salvatore Ferragamo from an “underperform” rating to an “outperform” rating in a report on Monday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Salvatore Ferragamo presently has an average rating of “Buy”.

Salvatore Ferragamo Stock Performance

Shares of Salvatore Ferragamo stock opened at $10.15 on Wednesday. Salvatore Ferragamo has a 52 week low of $9.00 and a 52 week high of $10.15. The stock’s 50-day simple moving average is $10.15 and its 200-day simple moving average is $7.97.

Salvatore Ferragamo Company Profile

Salvatore Ferragamo S.p.A. is an Italian luxury fashion house known for its craftsmanship in footwear, leather goods, ready-to-wear, accessories, eyewear, watches and fragrances. Since its founding, the company has built a reputation for combining innovative design with high-quality materials, particularly in its signature shoe collections. In addition to its core footwear business, Ferragamo offers a range of handbags, small leather accessories and silk products that reflect its heritage of artisanal techniques.

The company was established in 1927 in Florence by Salvatore Ferragamo, who gained renown for designing custom shoes for Hollywood stars in the 1930s.