Short Interest in LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) Rises By 157.3%

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 247,800 shares, an increase of 157.3% from the February 13th total of 96,300 shares. Based on an average daily volume of 662,300 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several brokerages have recently commented on LVMUY. Bank of America upgraded shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “neutral” rating to a “buy” rating in a research report on Thursday, January 16th. HSBC upgraded shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “buy” rating in a research report on Monday, December 2nd. Kepler Capital Markets raised LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. Finally, Hsbc Global Res raised LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Three research analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Price Performance

LVMUY traded up $2.42 on Friday, reaching $132.18. The stock had a trading volume of 384,924 shares, compared to its average volume of 368,011. LVMH Moët Hennessy – Louis Vuitton, Société Européenne has a fifty-two week low of $119.56 and a fifty-two week high of $190.20. The firm has a 50-day moving average of $141.35 and a 200-day moving average of $136.84.

About LVMH Moët Hennessy – Louis Vuitton, Société Européenne

LVMH Moët Hennessy – Louis Vuitton, Société Européenne operates as a luxury goods company worldwide. The company offers wines, and spirits under the domaine des Lambrays, Château d'Yquem, Dom Pérignon, Ruinart, Moët & Chandon, Hennessy, Veuve Clicquot, Château Galoupet, Ardbeg, Château Cheval Blanc, Glenmorangie, Krug, Mercier, Chandon, Joseph Phelps, Newton Vineyard, Cloudy Bay, Belvedere, Colgin Cellars,Terrazas de los Andes, Bodega Numanthia, Cheval des Andes, Woodinville, Ao Yun, Clos19, Volcan de mi Tierra, and Eminente brands; and fashion and leather products under the Loewe, Moynat, Louis Vuitton, Berluti, RIMOWA, Patou, Loro Piana, FENDI, Celine, Christian Dior, Emilio Pucci, Givenchy, Kenzo, and Marc Jacobs brands.