Short Interest in Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Drops By 93.3%

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 4 shares, a decrease of 93.3% from the December 15th total of 60 shares. Based on an average daily volume of 3,427 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 3,427 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Citigroup restated a “neutral” rating on shares of Salvatore Ferragamo in a report on Tuesday, December 16th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Salvatore Ferragamo Price Performance

Shares of Salvatore Ferragamo stock traded down $0.24 on Monday, reaching $4.50. The stock had a trading volume of 8,496 shares, compared to its average volume of 5,567. The business’s 50-day moving average price is $4.61 and its two-hundred day moving average price is $3.61. Salvatore Ferragamo has a fifty-two week low of $2.54 and a fifty-two week high of $5.27.

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.