Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY – Get Rating) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 1,600 shares, a decrease of 33.3% from the March 15th total of 2,400 shares. Based on an average daily trading volume, of 11,800 shares, the days-to-cover ratio is currently 0.1 days.
SFRGY opened at $8.69 on Friday. Salvatore Ferragamo has a 52-week low of $8.10 and a 52-week high of $13.42. The business’s fifty day moving average is $9.72 and its 200-day moving average is $10.85.
A number of brokerages have commented on SFRGY. UBS Group lowered Salvatore Ferragamo from a “neutral” rating to a “sell” rating in a report on Monday, January 10th. Cheuvreux lowered Salvatore Ferragamo from a “hold” rating to a “reduce” rating in a report on Monday, April 4th. Finally, Morgan Stanley lowered Salvatore Ferragamo to an “underweight” rating in a report on Tuesday, January 18th. Six investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Sell” and a consensus target price of $18.00.
As of October 1, 2021, Salvatore Ferragamo S.p.A. operates as a subsidiary of Inter Parfums, Inc
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