Kering SA (OTCMKTS:PPRUY) Sees Large Drop in Short Interest

Kering SA (OTCMKTS:PPRUY) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 41,300 shares, a decline of 18.5% from the November 15th total of 50,700 shares. Based on an average daily volume of 1,078,100 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

PPRUY has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating on shares of Kering in a report on Monday, September 9th. Citigroup cut shares of Kering from a “buy” rating to a “neutral” rating in a report on Monday, October 21st. JPMorgan Chase & Co. lowered Kering from a “neutral” rating to an “underweight” rating in a research note on Monday, December 2nd. The Goldman Sachs Group downgraded Kering from a “neutral” rating to a “sell” rating in a research note on Tuesday, October 1st. Finally, Barclays reiterated an “underweight” rating on shares of Kering in a research report on Monday, September 9th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, Kering presently has a consensus rating of “Hold”.

Kering Stock Up 0.9 %

Shares of OTCMKTS PPRUY traded up $0.23 on Friday, hitting $25.52. The company’s stock had a trading volume of 210,266 shares, compared to its average volume of 328,609. The stock has a 50 day moving average of $24.46 and a 200-day moving average of $28.61. Kering has a 12-month low of $21.69 and a 12-month high of $47.41.

Kering Company Profile

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.