Kering SA (OTCMKTS:PPRUY) Sees Significant Decline in Short Interest

Kering SA (OTCMKTS:PPRUY) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 60,300 shares, a decrease of 59.9% from the September 30th total of 150,300 shares. Based on an average daily volume of 1,387,400 shares, the short-interest ratio is currently 0.0 days.

Kering Stock Performance

Shares of OTCMKTS PPRUY opened at $25.22 on Monday. The stock’s 50-day simple moving average is $26.62 and its two-hundred day simple moving average is $31.49. Kering has a twelve month low of $23.90 and a twelve month high of $47.41.

Wall Street Analysts Forecast Growth

PPRUY has been the topic of a number of recent research reports. Royal Bank of Canada reissued a “sector perform” rating on shares of Kering in a report on Monday, September 9th. Barclays reissued an “underweight” rating on shares of Kering in a report on Monday, September 9th. Citigroup cut Kering from a “buy” rating to a “neutral” rating in a report on Monday, October 21st. UBS Group cut Kering from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Finally, The Goldman Sachs Group lowered Kering from a “neutral” rating to a “sell” rating in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, Kering currently has an average rating of “Hold”.

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.