LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) Short Interest Update

Key Points

• LVMH-Moet Hennessy Louis Vuitton experienced a significant decrease in short interest, dropping by 37.4% in August, with total short interest at 120,100 shares as of August 15.
• HSBC Global Research upgraded the company from a "hold" to a "strong-buy" rating, contributing to an overall average "Buy" rating from analysts.
• The stock opened at $116.13 on Friday, with a 50-day moving average of $112.36 and a twelve-month high of $159.97.

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY - Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 15th, there was short interest totaling 120,100 shares, a drop of 37.4% from the July 31st total of 191,900 shares. Based on an average daily volume of 573,000 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 573,000 shares, the days-to-cover ratio is currently 0.2 days.

LVMH-Moet Hennessy Louis Vuitton Stock Down 1.2%

OTCMKTS LVMUY traded down $1.38 on Tuesday, hitting $115.45. 314,592 shares of the company's stock were exchanged, compared to its average volume of 293,031. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.71 and a current ratio of 1.41. The firm's 50-day moving average price is $112.69 and its two-hundred day moving average price is $116.04. LVMH-Moet Hennessy Louis Vuitton has a fifty-two week low of $101.80 and a fifty-two week high of $159.97.

Wall Street Analyst Weigh In

Separately, Hsbc Global Res raised LVMH-Moet Hennessy Louis Vuitton from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 2nd. Five research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

LVMH-Moet Hennessy Louis Vuitton Company Profile

LVMH Moët Hennessy - Louis Vuitton, Société Européenne operates as a luxury goods company worldwide. The company offers wines, and spirits under the domaine des Lambrays, Château d'Yquem, Dom Pérignon, Ruinart, Moët & Chandon, Hennessy, Veuve Clicquot, Château Galoupet, Ardbeg, Château Cheval Blanc, Glenmorangie, Krug, Mercier, Chandon, Joseph Phelps, Newton Vineyard, Cloudy Bay, Belvedere, Colgin Cellars,Terrazas de los Andes, Bodega Numanthia, Cheval des Andes, Woodinville, Ao Yun, Clos19, Volcan de mi Tierra, and Eminente brands; and fashion and leather products under the Loewe, Moynat, Louis Vuitton, Berluti, RIMOWA, Patou, Loro Piana, FENDI, Celine, Christian Dior, Emilio Pucci, Givenchy, Kenzo, and Marc Jacobs brands.