Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) Short Interest Update

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,147 shares, a decrease of 45.9% from the August 15th total of 2,121 shares. Based on an average daily trading volume, of 111,428 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

MONRY has been the subject of several research reports. Citigroup reiterated a “buy” rating on shares of Moncler in a research note on Wednesday, August 19th. Morgan Stanley initiated coverage on Moncler in a research note on Tuesday, June 23rd. They issued an “equal weight” rating on the stock. Finally, HSBC reaffirmed a “buy” rating on shares of Moncler in a report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Moncler presently has a consensus rating of “Buy”.

Moncler Stock Down 2.4%

Moncler stock traded down $1.25 during mid-day trading on Tuesday, reaching $50.15. The company’s stock had a trading volume of 71,025 shares, compared to its average volume of 44,402. Moncler has a 12-month low of $50.12 and a 12-month high of $71.41. The firm’s fifty day moving average price is $55.71 and its two-hundred day moving average price is $59.79.

About Moncler

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.