Moncler S.p.A. (OTCMKTS:MONRF) Sees Significant Increase in Short Interest

Moncler S.p.A. (OTCMKTS:MONRF) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 864,200 shares, an increase of 68.8% from the August 15th total of 511,900 shares. Based on an average daily volume of 200 shares, the short-interest ratio is presently 4,321.0 days.

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Moncler in a report on Tuesday, June 1st. The Goldman Sachs Group lowered shares of Moncler to a “hold” rating and set a $60.00 price objective on the stock. in a report on Friday, July 9th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Moncler currently has a consensus rating of “Hold” and a consensus target price of $60.00.

Moncler stock remained flat at $$66.00 during mid-day trading on Friday. 34 shares of the company were exchanged, compared to its average volume of 559. Moncler has a 1-year low of $40.10 and a 1-year high of $72.44. The firm’s 50 day simple moving average is $67.56 and its 200 day simple moving average is $65.27.

Moncler Company Profile

Moncler SpA designs, produces and distributes clothing for men, women and children under the Moncler brand name. It directly produces and distributes its own clothing and accessories collections through direct boutiques and exclusive department and multiband stores around the world. The company was founded by Renè Ramillon and Andrè Vincent in 1952 and is headquartered in Milan, Italy.

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