EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) Short Interest Down 85.9% in August

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 decrease in short interest in August. As of August 31st, there was short interest totaling 1,200 shares, a decrease of 85.9% from the August 15th total of 8,500 shares. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 74,100 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 74,100 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's stock are sold short.

EssilorLuxottica Price Performance

Shares of EssilorLuxottica stock traded up $1.29 during midday trading on Thursday, hitting $156.30. The company had a trading volume of 105,496 shares, compared to its average volume of 41,191. EssilorLuxottica has a 1-year low of $112.95 and a 1-year high of $160.70. The business's 50 day simple moving average is $149.11 and its two-hundred day simple moving average is $144.71. The company has a current ratio of 0.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.17.

Analyst Ratings Changes

Separately, Barclays began coverage on shares of EssilorLuxottica in a report on Tuesday. They set an "overweight" rating for the company. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy".

EssilorLuxottica Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.