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

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

Wall Street Analyst Weigh In

PPRUY has been the subject of a number of recent research reports. Barclays reiterated an “underweight” rating on shares of Kering in a report on Monday, September 9th. Citigroup lowered shares of Kering from a “buy” rating to a “neutral” rating in a research note on Monday, October 21st. Berenberg Bank upgraded shares of Kering to a “hold” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. cut shares of Kering from a “neutral” rating to an “underweight” rating in a report on Monday, December 2nd. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Kering in a report on Monday, September 9th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, Kering currently has an average rating of “Hold”.

Kering Price Performance

Shares of PPRUY traded up $0.23 during mid-day trading on Friday, hitting $25.52. 210,266 shares of the company’s stock were exchanged, compared to its average volume of 328,609. Kering has a fifty-two week low of $21.69 and a fifty-two week high of $47.41. The business’s 50 day moving average is $24.46 and its two-hundred day moving average is $28.61.

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.