Short Interest in Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) Rises By 136.6%

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 19,299 shares, a growth of 136.6% from the February 26th total of 8,157 shares. Based on an average daily trading volume, of 67,834 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

MONRY has been the topic of a number of research reports. Barclays reissued an “overweight” rating on shares of Moncler in a research note on Monday, February 23rd. Kepler Capital Markets upgraded shares of Moncler from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. upgraded shares of Moncler from a “neutral” rating to an “overweight” rating in a research report on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Moncler Price Performance

Moncler stock opened at $60.54 on Thursday. Moncler has a fifty-two week low of $53.24 and a fifty-two week high of $70.16. The stock has a fifty day moving average of $61.37 and a two-hundred day moving average of $62.34.

About Moncler

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.