Short Interest in Kering SA (OTCMKTS:PPRUY) Declines By 29.7%

Kering SA (OTCMKTS:PPRUY) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 178,700 shares, a drop of 29.7% from the August 31st total of 254,200 shares. Based on an average daily trading volume, of 955,600 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Kering in a research note on Monday, September 9th. UBS Group downgraded Kering from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Finally, Barclays reissued an “underweight” rating on shares of Kering in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Kering has an average rating of “Hold”.

Kering Price Performance

Shares of PPRUY stock traded up $1.47 on Friday, hitting $29.60. The company’s stock had a trading volume of 202,141 shares, compared to its average volume of 283,615. Kering has a fifty-two week low of $24.43 and a fifty-two week high of $47.41. The firm’s fifty day moving average price is $28.22 and its 200-day moving average price is $33.86. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 0.63.

About Kering

Kering SA manages the development of a series of renowned houses in fashion, leather goods and jewelry in France, the Asia-Pacific, Western Europe, North America, Japan, and internationally. The company offers ready-to-wear products apparel and accessories for men and women. It also offers leather goods and shoes; watches and jewelry; eyewear products; and fragrances and cosmetics.