LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) Sees Significant Drop in Short Interest

LVMH-Moet Hennessy Louis Vuitton SA (OTCMKTS:LVMUY) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 71,269 shares, a drop of 14.1% from the February 26th total of 82,965 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 752,639 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, DZ Bank upgraded shares of LVMH-Moet Hennessy Louis Vuitton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 29th. Four equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy”.

LVMH-Moet Hennessy Louis Vuitton Stock Down 0.1%

OTCMKTS:LVMUY opened at $109.13 on Thursday. LVMH-Moet Hennessy Louis Vuitton has a 1 year low of $101.80 and a 1 year high of $152.95. The stock has a 50-day moving average price of $120.80 and a two-hundred day moving average price of $133.57. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 0.84.

About LVMH-Moet Hennessy Louis Vuitton

LVMH Moët Hennessy Louis Vuitton SE is a French multinational luxury goods conglomerate that designs, produces and sells high-end products across multiple luxury segments. Formed through the 1987 merger of fashion house Louis Vuitton and the wine and spirits group Moët Hennessy, the company is headquartered in Paris and is led by Chairman and Chief Executive Officer Bernard Arnault. LVMH’s organization centers on a portfolio of maisons that operate with a degree of independence under centralized strategic oversight.

The company’s principal activities span fashion and leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing.