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

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGF) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 642,810 shares, a decline of 23.0% from the March 15th total of 834,552 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Salvatore Ferragamo Stock Performance

Shares of OTCMKTS SFRGF opened at $10.15 on Thursday. Salvatore Ferragamo has a 12 month low of $9.00 and a 12 month high of $10.15. The company has a 50 day simple moving average of $10.15 and a two-hundred day simple moving average of $8.31.

Analyst Ratings Changes

Separately, Sanford C. Bernstein upgraded shares of Salvatore Ferragamo from an “underperform” rating to an “outperform” rating in a research note on Monday, March 30th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

About Salvatore Ferragamo

Salvatore Ferragamo S.p.A. is an Italian luxury fashion house known for its craftsmanship in footwear, leather goods, ready-to-wear, accessories, eyewear, watches and fragrances. Since its founding, the company has built a reputation for combining innovative design with high-quality materials, particularly in its signature shoe collections. In addition to its core footwear business, Ferragamo offers a range of handbags, small leather accessories and silk products that reflect its heritage of artisanal techniques.

The company was established in 1927 in Florence by Salvatore Ferragamo, who gained renown for designing custom shoes for Hollywood stars in the 1930s.