Kering SA (OTCMKTS:PPRUY) Stock Short Interest Report for October

Key Points

• Kering’s short interest fell 66.7% in October, declining from 197,587 shares to 65,858 shares; short positions represented approximately 0.0% of shares outstanding, with a days-to-cover ratio of 0.1.
• Analysts maintained a largely cautious outlook, with a consensus “Hold” rating from three Buy ratings and eight Hold ratings.
• Kering shares opened at $19.73, near their one-year low of $19.53 and below both the 50-day moving average of $25.81 and the 200-day moving average of $29.18.

Kering SA (OTCMKTS:PPRUY - Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 65,858 shares, a drop of 66.7% from the September 30th total of 197,587 shares. Based on an average trading volume of 806,100 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PPRUY. Citigroup reaffirmed a "neutral" rating on shares of Kering in a research note on Monday, August 17th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Kering in a research note on Wednesday, August 12th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Kering in a report on Wednesday, July 29th. The Goldman Sachs Group started coverage on shares of Kering in a report on Sunday, October 4th. They set a "neutral" rating on the stock. Finally, Zacks Research upgraded shares of Kering from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold".

Kering Stock Down 0.8%

OTCMKTS PPRUY opened at $19.73 on Thursday. The business has a 50 day moving average price of $25.81 and a 200 day moving average price of $29.18. Kering has a 1-year low of $19.53 and a 1-year high of $38.10. The company has a quick ratio of 1.57, a current ratio of 2.05 and a debt-to-equity ratio of 0.65.

About Kering

Kering is a France-based global luxury goods group that develops, manages and distributes fashion, leather goods, jewelry, watches, eyewear and beauty products through a portfolio of luxury houses. Its brands serve customers through directly operated stores, e-commerce platforms, wholesale partners and other distribution channels across major markets worldwide, including Europe, North America and Asia-Pacific.

The group's principal houses include Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo and Ginori 1735.

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