Short Interest in EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) Drops By 91.7%

Key Points

• Short interest in EssilorLuxottica Unsponsored ADR dropped by 91.7%, falling from 1,200 shares to only 100 shares as of September 15th.
• The stock price of EssilorLuxottica reached $163.00 after trading up by $1.59, with a one-year range spanning from a low of $114.09 to a high of $163.18.
• Analysts have upgraded EssilorLuxottica from a "strong sell" to a "hold" rating, with one analyst giving a "buy" rating and two assigning a "hold" rating, resulting in an average rating of "hold."

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY - Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 100 shares, a decrease of 91.7% from the August 31st total of 1,200 shares. Based on an average trading volume of 110,800 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 110,800 shares, the days-to-cover ratio is presently 0.0 days.

EssilorLuxottica Price Performance

ESLOY stock traded up $1.59 on Tuesday, reaching $163.00. The company had a trading volume of 28,290 shares, compared to its average volume of 41,957. EssilorLuxottica has a 1 year low of $114.09 and a 1 year high of $163.18. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.95 and a quick ratio of 0.65. The company's fifty day moving average is $153.57 and its 200 day moving average is $145.71.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Zacks Research upgraded EssilorLuxottica from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 10th. Barclays assumed coverage on EssilorLuxottica in a report on Tuesday, September 9th. They set an "overweight" rating for the company. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, EssilorLuxottica presently has an average rating of "Hold".

About EssilorLuxottica

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.

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