Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Short Interest Down 88.5% in February

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) saw a significant decrease in short interest in February. As of February 13th, there was short interest totaling 1,458 shares, a decrease of 88.5% from the January 29th total of 12,688 shares. Based on an average daily trading volume, of 2,343 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 2,343 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Separately, Citigroup reissued a “neutral” rating on shares of Salvatore Ferragamo in a research report on Tuesday, December 16th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Salvatore Ferragamo Stock Down 1.1%

OTCMKTS:SFRGY opened at $4.03 on Thursday. Salvatore Ferragamo has a fifty-two week low of $2.54 and a fifty-two week high of $5.27. The stock’s 50-day moving average is $4.38 and its two-hundred day moving average is $3.88.

About Salvatore Ferragamo

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.