Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) Sees Large Decrease in Short Interest

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 149 shares, a decline of 82.3% from the June 15th total of 841 shares. Based on an average daily volume of 44,800 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of research firms recently weighed in on MONRY. Morgan Stanley began coverage on shares of Moncler in a research report on Tuesday, June 23rd. They issued an “equal weight” rating on the stock. Citigroup restated a “buy” rating on shares of Moncler in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Moncler Stock Up 0.5%

OTCMKTS:MONRY traded up $0.27 during midday trading on Friday, hitting $57.03. The stock had a trading volume of 21,816 shares, compared to its average volume of 26,022. The stock has a 50-day moving average of $60.72 and a 200 day moving average of $61.71. Moncler has a one year low of $53.24 and a one year high of $71.41.

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.