Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) Short Interest Down 87.6% in May

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 82 shares, a decrease of 87.6% from the April 30th total of 663 shares. Based on an average trading volume of 331,785 shares, the days-to-cover ratio is presently 0.0 days.

Moncler Stock Performance

MONRY traded up $0.19 during midday trading on Friday, hitting $64.99. 11,365 shares of the company traded hands, compared to its average volume of 121,132. Moncler has a 52-week low of $53.24 and a 52-week high of $71.41. The business has a 50 day simple moving average of $62.01 and a two-hundred day simple moving average of $63.02.

Wall Street Analyst Weigh In

MONRY has been the topic of a number of research reports. Kepler Capital Markets upgraded shares of Moncler from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Barclays reiterated an “overweight” rating on shares of Moncler in a research note on Monday, February 23rd. Finally, Citigroup reiterated a “buy” rating on shares of Moncler in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat.com, Moncler currently has an average rating of “Buy”.

Moncler Company Profile

Moncler S.p.A. is an Italian luxury fashion house best known for its high-end down jackets and skiwear. Established in 1952 in Monestier-de-Clermont, near Grenoble, France, the company has built a strong reputation for combining technical performance with refined aesthetics. Its core product lineup includes insulated jackets, vests, coats, knitwear, footwear and accessories, all designed to withstand extreme weather while meeting the standards of high fashion.

Originally founded by René Ramillon and André Vincent as a maker of quilted sleeping bags and tents, Moncler gradually shifted focus to outerwear for mountain sports.