Kering SA (OTCMKTS:PPRUY) Sees Large Increase in Short Interest

Kering SA (OTCMKTS:PPRUY) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 59,700 shares, a growth of 217.6% from the February 28th total of 18,800 shares. Based on an average daily volume of 475,600 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Kering Price Performance

Kering stock traded down $0.20 during mid-day trading on Thursday, reaching $21.49. 1,023,855 shares of the company were exchanged, compared to its average volume of 347,226. Kering has a 12-month low of $21.45 and a 12-month high of $40.19. The business has a fifty day moving average of $26.25 and a 200 day moving average of $25.26. The company has a quick ratio of 0.87, a current ratio of 1.38 and a debt-to-equity ratio of 0.70.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Kepler Capital Markets raised Kering from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lowered shares of Kering from a “neutral” rating to an “underweight” rating in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

About Kering

Kering SA manages the development of a series of renowned houses in fashion, leather goods and jewelry in France, the Asia-Pacific, Western Europe, North America, Japan, and internationally. The company offers ready-to-wear products apparel and accessories for men and women. It also offers leather goods and shoes; watches and jewelry; eyewear products; and fragrances and cosmetics.