Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) Stock Short Interest Jumps 1,686.1%

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 20,486 shares, a growth of 1,686.1% from the August 31st total of 1,147 shares. Based on an average trading volume of 98,862 shares, the days-to-cover ratio is currently 0.2 days.

Moncler Price Performance

Shares of Moncler stock opened at $50.04 on Friday. Moncler has a one year low of $48.90 and a one year high of $71.41. The business has a 50-day simple moving average of $54.48 and a 200-day simple moving average of $58.91.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MONRY shares. Morgan Stanley started coverage on shares of Moncler in a report on Tuesday, June 23rd. They issued an “equal weight” rating for the company. HSBC reaffirmed a “buy” rating on shares of Moncler in a research report on Wednesday, September 9th. Citigroup reaffirmed a “buy” rating on shares of Moncler in a research note on Wednesday, August 19th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Moncler in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Moncler Company Profile

Moncler S.p.A. is an Italian luxury apparel company best known for its premium outerwear, including down jackets, parkas and other cold-weather garments. Its product range also includes clothing, footwear, bags, accessories and related lifestyle products for men, women and children.

The company was founded in 1952 in Monestier-de-Clermont, France, and later developed its corporate and creative base in Italy. Moncler has expanded from its original focus on technical mountain clothing into a global luxury brand, combining performance-oriented materials and designs with fashion-led collections and collaborations.

Moncler sells its products through directly operated stores, e-commerce platforms and selected wholesale partners across Europe, Asia and the Americas.