Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Short Interest Up 58,100.0% in July

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 582 shares, a growth of 58,100.0% from the June 30th total of 1 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,881 shares, the short-interest ratio is presently 0.2 days.

Salvatore Ferragamo Stock Up 9.1%

Shares of SFRGY stock opened at $5.97 on Friday. The stock has a 50-day simple moving average of $5.56 and a 200 day simple moving average of $4.68. The stock has a market capitalization of $2.02 billion and a P/E ratio of 12.13. Salvatore Ferragamo has a fifty-two week low of $2.54 and a fifty-two week high of $6.72.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Zacks Research raised shares of Salvatore Ferragamo to a “hold” rating in a research note on Thursday, June 25th. Citigroup reiterated a “neutral” rating on shares of Salvatore Ferragamo in a research note on Tuesday, June 30th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Salvatore Ferragamo has an average rating of “Hold”.

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.