LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) Sees Large Increase in Short Interest

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 227,402 shares, a growth of 340.0% from the September 15th total of 51,677 shares. Based on an average daily trading volume, of 1,268,479 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

LVMUY has been the topic of a number of research reports. Royal Bank Of Canada cut shares of LVMH-Moet Hennessy Louis Vuitton from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. HSBC downgraded shares of LVMH-Moet Hennessy Louis Vuitton from a “buy” rating to a “hold” rating in a report on Wednesday, September 9th. Three equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, LVMH-Moet Hennessy Louis Vuitton has an average rating of “Moderate Buy”.

LVMH-Moet Hennessy Louis Vuitton Price Performance

LVMUY stock traded down $0.48 on Friday, reaching $85.38. The company had a trading volume of 672,818 shares, compared to its average volume of 697,493. LVMH-Moet Hennessy Louis Vuitton has a 1 year low of $84.62 and a 1 year high of $152.95. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.63 and a quick ratio of 0.78. The company’s fifty day moving average is $98.73 and its 200 day moving average is $106.44.

About LVMH-Moet Hennessy Louis Vuitton

LVMH Moët Hennessy Louis Vuitton SE is a France-based luxury goods group whose portfolio spans wines and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewelry, and selective retailing. Its brands include Louis Vuitton, Christian Dior, Fendi, Celine, Loewe, Givenchy, Moët & Chandon, Hennessy, Bulgari, TAG Heuer, Sephora and DFS.

The company was formed in 1987 through the merger of Louis Vuitton with Moët Hennessy. LVMH develops, produces and distributes luxury products through a combination of directly operated stores, e-commerce channels, wholesale networks and hospitality or travel-retail locations.