LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) Sees Significant Drop in Short Interest

Key Points

• Short interest fell 14.1% to 71,269 shares as of March 13, with approximately 0.0% of shares short and a very low short-interest ratio of 0.1 days based on average daily volume of 752,639 shares.
• Shares opened at $105.44, trading near a 12-month low of $101.80 and well below the 50-day and 200-day moving averages of $121.86 and $133.78 (12-month high $152.95).
• Analyst sentiment is positive: DZ Bank upgraded LVMH to a strong-buy, and the Street shows four Strong Buy, two Buy and four Hold ratings for a MarketBeat consensus of "Buy."

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY - Get Free Report) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 71,269 shares, a decrease of 14.1% from the February 26th total of 82,965 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 752,639 shares, the short-interest ratio is presently 0.1 days.

LVMH-Moet Hennessy Louis Vuitton Stock Performance

Shares of OTCMKTS LVMUY opened at $105.44 on Tuesday. LVMH-Moet Hennessy Louis Vuitton has a 12-month low of $101.80 and a 12-month high of $152.95. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 0.84. The stock's 50 day simple moving average is $121.86 and its 200 day simple moving average is $133.78.

Wall Street Analyst Weigh In

Separately, DZ Bank raised shares of LVMH-Moet Hennessy Louis Vuitton from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 29th. Four investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy".

LVMH-Moet Hennessy Louis Vuitton Company Profile

LVMH Moët Hennessy Louis Vuitton SE is a French multinational luxury goods conglomerate that designs, produces and sells high-end products across multiple luxury segments. Formed through the 1987 merger of fashion house Louis Vuitton and the wine and spirits group Moët Hennessy, the company is headquartered in Paris and is led by Chairman and Chief Executive Officer Bernard Arnault. LVMH's organization centers on a portfolio of maisons that operate with a degree of independence under centralized strategic oversight.

The company's principal activities span fashion and leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing.

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