Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY – Get Free Report) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 663 shares, a drop of 74.4% from the April 15th total of 2,587 shares. Based on an average trading volume of 43,918 shares, the days-to-cover ratio is presently 0.0 days.
Moncler Stock Down 2.1%
Shares of Moncler stock traded down $1.26 during trading on Thursday, reaching $59.00. 17,842 shares of the company traded hands, compared to its average volume of 47,038. Moncler has a 1-year low of $53.24 and a 1-year high of $71.41. The company has a 50 day moving average price of $62.42 and a 200-day moving average price of $63.11.
Analysts Set New Price Targets
Several equities research analysts recently commented on MONRY shares. Kepler Capital Markets raised Moncler from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Citigroup reaffirmed a “buy” rating on shares of Moncler in a research note on Friday, April 24th. Finally, Barclays reiterated an “overweight” rating on shares of Moncler in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.
About Moncler
Moncler S.p.A. is an Italian luxury fashion house best known for its high-end down jackets and skiwear. Established in 1952 in Monestier-de-Clermont, near Grenoble, France, the company has built a strong reputation for combining technical performance with refined aesthetics. Its core product lineup includes insulated jackets, vests, coats, knitwear, footwear and accessories, all designed to withstand extreme weather while meeting the standards of high fashion.
Originally founded by René Ramillon and André Vincent as a maker of quilted sleeping bags and tents, Moncler gradually shifted focus to outerwear for mountain sports.
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