EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) Short Interest Update

Key Points

• Short interest in EssilorLuxottica's unsponsored ADR jumped 77.4% in March to 3,171 shares as of March 31, but remains negligible relative to volume with a 0.0% of shares short and a days-to-cover of 0.0.
• Analyst sentiment is positive: the consensus rating is Buy, including two Strong Buy and five Buy ratings, with recent upgrades from HSBC and Kepler Capital Markets.
• The stock opened at $116.26 and is trading below its 50-day ($128.92) and 200-day ($154.68) moving averages, sitting nearer its 12-month low ($109.00) than its high ($186.81).

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY - Get Free Report) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 3,171 shares, a growth of 77.4% from the March 15th total of 1,787 shares. Based on an average trading volume of 171,127 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ESLOY. HSBC raised EssilorLuxottica from a "hold" rating to a "buy" rating in a research report on Wednesday, January 14th. Kepler Capital Markets raised EssilorLuxottica from a "hold" rating to a "buy" rating in a research report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, EssilorLuxottica presently has a consensus rating of "Buy".

EssilorLuxottica Price Performance

Shares of ESLOY stock opened at $116.26 on Monday. The stock has a 50 day simple moving average of $128.92 and a 200-day simple moving average of $154.68. EssilorLuxottica has a 12-month low of $109.00 and a 12-month high of $186.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.70.

EssilorLuxottica Company Profile

EssilorLuxottica SE is a global ophthalmic optics company formed through the 2018 merger of France-based Essilor and Italy-based Luxottica. Headquartered near Paris, the company combines lens manufacturing, frame design and production, brand management and retail operations to provide a vertically integrated offering across the vision care value chain. Its activities span product research and development, manufacturing, wholesale distribution and retailing of spectacles, sunglasses and ophthalmic lenses.

The company's product portfolio includes prescription and non-prescription lenses, lens coatings and treatments, and an array of eyewear brands and frames.

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