Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Short Interest Up 531.6% in August

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,680 shares, a growth of 531.6% from the August 15th total of 266 shares. Based on an average daily volume of 591 shares, the days-to-cover ratio is presently 2.8 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SFRGY. Zacks Research raised shares of Salvatore Ferragamo to a “hold” rating in a report on Thursday, June 25th. Citigroup reaffirmed a “neutral” rating on shares of Salvatore Ferragamo in a report on Monday, August 17th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Salvatore Ferragamo Stock Performance

OTCMKTS:SFRGY remained flat at $4.95 during mid-day trading on Friday. The company has a fifty day moving average of $5.72 and a 200 day moving average of $5.00. Salvatore Ferragamo has a 1 year low of $2.65 and a 1 year high of $6.72.

About Salvatore Ferragamo

Salvatore Ferragamo S.p.A. is an Italian luxury goods company headquartered in Florence, Italy. Founded by Salvatore Ferragamo in 1927, the company is known for combining Italian craftsmanship with fashion and design, building on its founder’s early reputation as a shoemaker for Hollywood celebrities.

The company designs, manufactures and sells luxury footwear, handbags and other leather goods, ready-to-wear clothing, silk products, accessories, eyewear and fragrances. Its products are marketed under the Ferragamo brand through directly operated boutiques, department stores, specialty retailers, e-commerce platforms and selected wholesale partners.

Ferragamo serves customers internationally, with operations and distribution spanning Europe, North America, Asia-Pacific and other global markets.