Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) Short Interest Update

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 1,147 shares, a drop of 45.9% from the August 15th total of 2,121 shares. Based on an average daily trading volume, of 111,428 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. HSBC reissued a “buy” rating on shares of Moncler in a report on Wednesday, September 9th. Morgan Stanley started coverage on shares of Moncler in a report on Tuesday, June 23rd. They set an “equal weight” rating for the company. Finally, Citigroup reiterated a “buy” rating on shares of Moncler in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Moncler Stock Up 1.0%

MONRY traded up $0.49 during midday trading on Thursday, hitting $50.19. The stock had a trading volume of 93,329 shares, compared to its average volume of 45,157. Moncler has a 1 year low of $49.61 and a 1 year high of $71.41. The business has a fifty day moving average of $55.40 and a 200 day moving average of $59.53.

Moncler Company Profile

Moncler S.p.A. is an Italian luxury fashion house best known for its high-end down jackets and skiwear. Established in 1952 in Monestier-de-Clermont, near Grenoble, France, the company has built a strong reputation for combining technical performance with refined aesthetics. Its core product lineup includes insulated jackets, vests, coats, knitwear, footwear and accessories, all designed to withstand extreme weather while meeting the standards of high fashion.

Originally founded by René Ramillon and André Vincent as a maker of quilted sleeping bags and tents, Moncler gradually shifted focus to outerwear for mountain sports.