Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Short Interest Update

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 12,144 shares, an increase of 303,500.0% from the December 31st total of 4 shares. Based on an average daily trading volume, of 8,640 shares, the short-interest ratio is presently 1.4 days. Based on an average daily trading volume, of 8,640 shares, the short-interest ratio is presently 1.4 days.

Analyst Ratings Changes

Separately, Citigroup reiterated a “neutral” rating on shares of Salvatore Ferragamo in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Salvatore Ferragamo has an average rating of “Hold”.

Salvatore Ferragamo Stock Performance

SFRGY opened at $3.83 on Wednesday. Salvatore Ferragamo has a 1-year low of $2.54 and a 1-year high of $5.27. The firm has a 50-day moving average price of $4.62 and a two-hundred day moving average price of $3.72.

Salvatore Ferragamo Company Profile

Salvatore Ferragamo S.p.A. operates as a designer, producer and distributor of high-end luxury footwear, leather goods, apparel and accessories. The company’s product portfolio spans men’s and women’s shoes, handbags, small leather items, silk products, ready-to-wear collections, eyewear, fragrances and watches. Through its vertically integrated business model, Ferragamo controls key aspects of the value chain, from design and manufacturing to wholesale distribution and direct-to-consumer retail.

Founded in 1927 by Italian shoemaker Salvatore Ferragamo, the company is headquartered in Florence, Italy and has grown into a globally recognized luxury brand.