Kering SA (OTCMKTS:PPRUY) Short Interest Up 107.3% in August

Kering SA (OTCMKTS:PPRUY) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 233,795 shares, a growth of 107.3% from the July 30th total of 112,803 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 260,539 shares, the short-interest ratio is currently 0.9 days.

Kering Price Performance

Shares of OTCMKTS PPRUY opened at $29.39 on Monday. Kering has a 1 year low of $26.22 and a 1 year high of $40.70. The company has a quick ratio of 0.92, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average of $29.93 and a two-hundred day moving average of $29.91.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PPRUY. HSBC raised shares of Kering from a “hold” rating to a “buy” rating in a research report on Wednesday, July 29th. Barclays upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kering in a report on Wednesday, August 12th. Zacks Research upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Kering in a research report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

About Kering

Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.

Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.