Kering SA (OTCMKTS:PPRUY) Stock Short Interest Report for September

Kering SA (OTCMKTS:PPRUY) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 197,587 shares, a growth of 224.8% from the September 15th total of 60,831 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,502,243 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. The Goldman Sachs Group initiated coverage on shares of Kering in a report on Sunday, October 4th. They issued a “neutral” rating for the company. HSBC raised Kering from a “hold” rating to a “buy” rating in a research note on Wednesday, July 29th. Citigroup restated a “neutral” rating on shares of Kering in a research report on Monday, August 17th. Zacks Research upgraded Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Kering in a research note on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Kering Price Performance

OTCMKTS PPRUY opened at $23.54 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 2.05 and a debt-to-equity ratio of 0.65. The company has a fifty day moving average of $27.81 and a two-hundred day moving average of $28.81. Kering has a 52 week low of $23.05 and a 52 week high of $40.70.

About Kering

Kering is a France-based global luxury-goods group that designs, develops and markets fashion, leather goods, jewelry, watches, eyewear and beauty products. Its portfolio includes internationally recognized brands such as Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, Qeelin and Ginori 1735. Kering Eyewear develops and distributes eyewear for its own and other luxury brands.

The company traces its origins to 1963, when François Pinault founded a timber-trading business that later expanded into retail and was known as Pinault-Printemps-Redoute, or PPR.