Ermenegildo Zegna (NYSE:ZGN) Short Interest Up 17.3% in May

Ermenegildo Zegna (NYSE:ZGNGet Free Report) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 3,660,000 shares, a growth of 17.3% from the April 30th total of 3,120,000 shares. Based on an average trading volume of 725,000 shares, the days-to-cover ratio is presently 5.0 days. Currently, 6.2% of the company’s stock are sold short.

Ermenegildo Zegna Stock Down 0.1 %

Shares of NYSE ZGN opened at $12.32 on Monday. Ermenegildo Zegna has a one year low of $10.12 and a one year high of $16.36. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.76 and a current ratio of 1.27. The business has a 50-day moving average price of $12.62 and a two-hundred day moving average price of $12.46.

Ermenegildo Zegna Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, July 30th. Stockholders of record on Friday, July 5th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, July 5th. This is an increase from Ermenegildo Zegna’s previous annual dividend of $0.10. This represents a dividend yield of 1.01%.

Institutional Investors Weigh In On Ermenegildo Zegna

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fox Run Management L.L.C. purchased a new stake in shares of Ermenegildo Zegna during the 3rd quarter worth about $156,000. Aigen Investment Management LP purchased a new stake in shares of Ermenegildo Zegna during the 3rd quarter worth about $177,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ermenegildo Zegna during the 4th quarter worth about $264,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Ermenegildo Zegna during the 1st quarter worth about $353,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Ermenegildo Zegna during the 1st quarter worth about $563,000. 12.91% of the stock is owned by hedge funds and other institutional investors.

About Ermenegildo Zegna

(Get Free Report)

Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances.

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