Kering SA (OTCMKTS:PPRUY) Short Interest Down 20.6% in January

Kering SA (OTCMKTS:PPRUY) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 21,452 shares, a drop of 20.6% from the December 31st total of 27,020 shares. Based on an average daily volume of 264,766 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 264,766 shares, the short-interest ratio is currently 0.1 days.

Kering Stock Performance

Shares of Kering stock opened at $31.17 on Friday. Kering has a 52 week low of $17.02 and a 52 week high of $40.70. The firm has a fifty day moving average of $34.60 and a two-hundred day moving average of $32.05. The company has a current ratio of 1.32, a quick ratio of 0.87 and a debt-to-equity ratio of 0.69.

Wall Street Analyst Weigh In

PPRUY has been the topic of several research analyst reports. HSBC cut Kering from a “buy” rating to a “hold” rating in a report on Friday, October 24th. Morgan Stanley upgraded shares of Kering from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 6th. Citigroup reissued a “neutral” rating on shares of Kering in a research note on Tuesday, January 13th. Barclays restated an “underweight” rating on shares of Kering in a research report on Tuesday, October 7th. Finally, Hsbc Global Res downgraded Kering from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

About Kering

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.