Short Interest in EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) Expands By 47,600.0%

Key Points

• Short interest in EssilorLuxottica's Unsponsored ADR increased dramatically by 47,600.0% in September, rising from 100 shares to 47,700 shares.
• The company's stock is currently trading up 12.2% at $177.25, having a twelve-month range between $114.15 and $178.04.
• Analysts maintain a consensus rating of "Hold" on EssilorLuxottica, with Barclays issuing an "overweight" rating and Zacks Research upgrading the stock from "strong sell" to "hold."

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY - Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 47,700 shares, a growth of 47,600.0% from the September 15th total of 100 shares. Based on an average daily volume of 61,100 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 61,100 shares, the days-to-cover ratio is currently 0.8 days.

EssilorLuxottica Trading Up 12.2%

Shares of OTCMKTS ESLOY traded up $19.33 during midday trading on Thursday, reaching $177.25. The stock had a trading volume of 30,355 shares, compared to its average volume of 42,322. EssilorLuxottica has a twelve month low of $114.15 and a twelve month high of $178.04. The company has a quick ratio of 0.67, a current ratio of 0.97 and a debt-to-equity ratio of 0.18. The company's 50 day moving average price is $156.92 and its 200 day moving average price is $147.03.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ESLOY. Barclays began coverage on shares of EssilorLuxottica in a report on Tuesday, September 9th. They set an "overweight" rating on the stock. Zacks Research raised shares of EssilorLuxottica from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus 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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