Short Interest in Kering SA (OTCMKTS:PPRUY) Drops By 65.8%

Kering SA (OTCMKTS:PPRUY) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 72,500 shares, a decrease of 65.8% from the August 15th total of 212,200 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 255,200 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 255,200 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. HSBC upgraded shares of Kering to a “buy” rating in a report on Tuesday, September 2nd. Hsbc Global Res raised shares of Kering to a “strong-buy” rating in a research note on Tuesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Kering currently has a consensus rating of “Hold”.

Kering Trading Up 3.2%

Shares of OTCMKTS:PPRUY opened at $28.11 on Friday. The stock has a 50-day simple moving average of $25.16 and a 200-day simple moving average of $22.67. Kering has a 1 year low of $17.02 and a 1 year high of $29.81. The company has a current ratio of 1.11, a quick ratio of 0.69 and a debt-to-equity ratio of 0.67.

Kering Company Profile

Kering SA manages the development of a series of renowned houses in fashion, leather goods and jewelry in France, the Asia-Pacific, Western Europe, North America, Japan, and internationally. The company offers ready-to-wear products apparel and accessories for men and women. It also offers leather goods and shoes; watches and jewelry; eyewear products; and fragrances and cosmetics.