Kering SA (OTCMKTS:PPRUY) Short Interest Update

Kering SA (OTCMKTS:PPRUY) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 189,301 shares, a growth of 191.9% from the June 15th total of 64,854 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,721,041 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PPRUY. TD Cowen restated a “buy” rating on shares of Kering in a report on Thursday, April 9th. Barclays upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. HSBC downgraded Kering from a “buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Zacks Research upgraded shares of Kering from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Kering Trading Down 1.6%

Shares of PPRUY stock traded down $0.45 during trading hours on Tuesday, reaching $27.71. 141,656 shares of the company’s stock were exchanged, compared to its average volume of 243,898. The company has a quick ratio of 0.92, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. Kering has a fifty-two week low of $22.17 and a fifty-two week high of $40.70. The business has a fifty day moving average price of $29.01 and a 200-day moving average price of $30.73.

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.