Short Interest in Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Increases By 58,100.0%

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGYGet Free Report) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 582 shares, a growth of 58,100.0% from the June 30th total of 1 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 2,881 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

A number of equities analysts have issued reports on SFRGY shares. Citigroup restated a “neutral” rating on shares of Salvatore Ferragamo in a report on Tuesday, June 30th. Zacks Research raised shares of Salvatore Ferragamo to a “hold” rating in a research note on Thursday, June 25th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Check Out Our Latest Report on SFRGY

Salvatore Ferragamo Stock Up 9.1%

Shares of SFRGY traded up $0.50 on Friday, hitting $5.97. The company’s stock had a trading volume of 129 shares, compared to its average volume of 2,766. The firm’s fifty day moving average price is $5.51 and its 200-day moving average price is $4.67. Salvatore Ferragamo has a fifty-two week low of $2.54 and a fifty-two week high of $6.72. The firm has a market capitalization of $2.02 billion and a price-to-earnings ratio of 12.13.

About Salvatore Ferragamo

(Get Free Report)

Salvatore Ferragamo S.p.A. operates as a designer, producer and distributor of high-end luxury footwear, leather goods, apparel and accessories. The company’s product portfolio spans men’s and women’s shoes, handbags, small leather items, silk products, ready-to-wear collections, eyewear, fragrances and watches. Through its vertically integrated business model, Ferragamo controls key aspects of the value chain, from design and manufacturing to wholesale distribution and direct-to-consumer retail.

Founded in 1927 by Italian shoemaker Salvatore Ferragamo, the company is headquartered in Florence, Italy and has grown into a globally recognized luxury brand.

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