Short Interest in EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) Decreases By 85.9%

Key Points

• Short interest for EssilorLuxottica decreased significantly by 85.9% in August, dropping to just 1,200 shares from 8,500 shares, indicating a shift in investor sentiment.
• The company's stock price increased to $156.30 during midday trading, with a notable trading volume of 105,496 shares, exceeding its average volume.
• Analysts have given the stock a Moderate Buy rating, with Barclays initiating coverage and setting an "overweight" rating for the company.

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY - Get Free Report) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 1,200 shares, a drop of 85.9% from the August 15th total of 8,500 shares. Based on an average daily volume of 74,100 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company's stock are sold short. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 74,100 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ESLOY. Barclays began coverage on EssilorLuxottica in a report on Tuesday, September 9th. They issued an "overweight" rating on the stock. Zacks Research upgraded EssilorLuxottica from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold".

EssilorLuxottica Stock Performance

Shares of EssilorLuxottica stock traded up $4.25 during trading hours on Tuesday, hitting $160.90. 25,096 shares of the company's stock traded hands, compared to its average volume of 46,609. EssilorLuxottica has a 12-month low of $112.95 and a 12-month high of $161.20. The company has a fifty day simple moving average of $150.49 and a 200-day simple moving average of $144.93. The company has a current ratio of 0.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.17.

About EssilorLuxottica

EssilorLuxottica Société anonyme designs, manufactures, and distributes ophthalmic lenses, frames, and sunglasses in Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and North America. It operates through Professional Solutions and Direct to Consumer segments. The company offers lens under the Essilor, Varilux, Crizal, Eyezen, Stellest, Xperio, Transitions, Ray-Ban, Oakley, Barberini, KODAK Lens, Nikon, Shamir, eyexpert, iWear, Humanware, and Optifog brands.