Kering SA (OTCMKTS:PPRUY) Short Interest Down 66.6% in July

Kering SA (OTCMKTS:PPRUY) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 63,299 shares, a decline of 66.6% from the June 30th total of 189,301 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 452,271 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of brokerages have weighed in on PPRUY. Barclays raised Kering from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. TD Cowen reaffirmed a “buy” rating on shares of Kering in a research report on Thursday, April 9th. Zacks Research lowered Kering from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Finally, HSBC downgraded Kering from a “buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Kering Price Performance

Kering stock opened at $27.37 on Friday. Kering has a 1 year low of $24.27 and a 1 year high of $40.70. The firm has a 50 day moving average price of $29.04 and a 200 day moving average price of $30.32. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.92 and a current ratio of 1.39.

Kering Company Profile

Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.

Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.