Short Interest in Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Declines By 69.9%

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 266 shares, a decline of 69.9% from the July 30th total of 885 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 242,598 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of Salvatore Ferragamo to a “hold” rating in a research note on Thursday, June 25th. Citigroup reissued a “neutral” rating on shares of Salvatore Ferragamo in a research note on Monday, August 17th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Salvatore Ferragamo Stock Performance

Shares of SFRGY stock remained flat at $5.54 during mid-day trading on Thursday. The stock had a trading volume of 232 shares, compared to its average volume of 61,098. Salvatore Ferragamo has a one year low of $2.65 and a one year high of $6.72. The stock’s fifty day simple moving average is $5.83 and its 200-day simple moving average is $4.91.

Salvatore Ferragamo Company Profile

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.