Compagnie Financière Richemont SA (OTCMKTS:CFRUY) Sees Large Growth in Short Interest

Compagnie Financière Richemont SA (OTCMKTS:CFRUY) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 281,000 shares, a growth of 58.2% from the October 15th total of 177,600 shares. Based on an average trading volume of 1,312,600 shares, the short-interest ratio is presently 0.2 days.

Compagnie Financière Richemont Trading Up 0.5 %

Shares of Compagnie Financière Richemont stock opened at $13.48 on Friday. The company has a current ratio of 2.65, a quick ratio of 1.97 and a debt-to-equity ratio of 0.29. The company has a 50-day simple moving average of $14.52 and a 200 day simple moving average of $15.09. Compagnie Financière Richemont has a 12-month low of $11.96 and a 12-month high of $16.91.

Compagnie Financière Richemont Cuts Dividend

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

Analyst Ratings Changes

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

Compagnie Financière Richemont Company Profile

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.