Short Interest in Compagnie Financière Richemont SA (OTCMKTS:CFRUY) Drops By 18.4%

Compagnie Financière Richemont SA (OTCMKTS:CFRUY) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 177,600 shares, a drop of 18.4% from the September 30th total of 217,700 shares. Based on an average daily trading volume, of 726,700 shares, the short-interest ratio is currently 0.2 days.

Compagnie Financière Richemont Stock Performance

Shares of OTCMKTS CFRUY opened at $14.83 on Tuesday. Compagnie Financière Richemont has a one year low of $11.45 and a one year high of $16.91. The business’s 50-day moving average price is $14.93 and its two-hundred day moving average price is $15.10.

Compagnie Financière Richemont Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were issued a $0.1454 dividend. The ex-dividend date of this dividend was Friday, September 20th.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of Compagnie Financière Richemont to a “strong-buy” rating in a report on Tuesday, September 17th.

About Compagnie Financière Richemont

Compagnie Financière Richemont SA engages in the luxury goods business in France, the United Kingdom, Italy, Switzerland, and rest of Europe. The company operates through Jewellery Maisons, Specialist Watchmakers, and Other segments. It designs, manufactures, and distributes jewelry products, precision timepieces, watches, writing instruments, clothing, and leather goods and accessories.