Short Interest in Kering SA (OTCMKTS:PPRUY) Rises By 191.9%

Kering SA (OTCMKTS:PPRUY) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 189,301 shares, a growth of 191.9% from the June 15th total of 64,854 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,721,041 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several brokerages recently commented on PPRUY. HSBC cut shares of Kering from a “buy” rating to a “hold” rating in a research note on Tuesday, April 21st. TD Cowen reiterated a “buy” rating on shares of Kering in a research note on Thursday, April 9th. Barclays raised Kering from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Finally, Zacks Research raised Kering from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Kering currently has a consensus rating of “Hold”.

Kering Trading Down 0.5%

Shares of OTCMKTS PPRUY traded down $0.14 during mid-day trading on Monday, reaching $28.23. The company had a trading volume of 68,240 shares, compared to its average volume of 244,297. Kering has a 1-year low of $22.17 and a 1-year high of $40.70. The company has a 50-day moving average price of $28.99 and a two-hundred day moving average price of $30.78. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.92 and a current ratio of 1.39.

Kering Company Profile

Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.

Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.