Short Interest in LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) Increases By 60.5%

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUYGet Rating) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 32,100 shares, an increase of 60.5% from the March 15th total of 20,000 shares. Based on an average daily trading volume, of 340,100 shares, the days-to-cover ratio is presently 0.1 days.

Shares of OTCMKTS LVMUY traded up $0.05 during mid-day trading on Friday, reaching $138.10. 448,915 shares of the company’s stock were exchanged, compared to its average volume of 186,507. The company has a current ratio of 1.23, a quick ratio of 0.63 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $142.56 and a 200 day simple moving average of $152.91. LVMH Moët Hennessy – Louis Vuitton, Société Européenne has a twelve month low of $119.50 and a twelve month high of $171.91.

Several equities research analysts recently weighed in on LVMUY shares. Grupo Santander started coverage on LVMH Moët Hennessy – Louis Vuitton, Société Européenne in a report on Friday, March 4th. They issued an “outperform” rating for the company. Zacks Investment Research cut LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “buy” rating to a “hold” rating in a research report on Friday, March 25th. Morgan Stanley increased their target price on LVMH Moët Hennessy – Louis Vuitton, Société Européenne from €760.00 ($826.09) to €820.00 ($891.30) in a report on Tuesday, January 18th. UBS Group upped their price target on LVMH Moët Hennessy – Louis Vuitton, Société Européenne from €807.00 ($877.17) to €826.00 ($897.83) in a research note on Thursday. Finally, Royal Bank of Canada increased their target price on LVMH Moët Hennessy – Louis Vuitton, Société Européenne from €780.00 ($847.83) to €790.00 ($858.70) in a research note on Thursday. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $703.67.

About LVMH Moët Hennessy – Louis Vuitton, Société Européenne (Get Rating)

LVMH Moët Hennessy – Louis Vuitton, Société Européenne operates as a luxury products company. The company offers champagnes, wines, and spirits under the Ao Yun, Ardbeg, Belvedere, Bodega Numanthia, Cape Mentelle, Chandon, Château Cheval Blanc, Château d'Yquem, Cheval des Andes, Clos des Lambrays, Clos19, Cloudy Bay, Dom Pérignon, Glenmorangie, Hennessy, Krug, Mercier, Moët & Chandon, Newton, Vineyard, Ruinart, Terrazas de los Andes, Veuve Clicquot, Volcan de mi Tierra, and Woodinville brands.

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