Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY) Sees Significant Decline in Short Interest

Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRYGet Free Report) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 82 shares, a drop of 87.6% from the April 30th total of 663 shares. Based on an average daily trading volume, of 331,785 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

MONRY has been the topic of several analyst reports. Kepler Capital Markets upgraded shares of Moncler from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Citigroup reissued a “buy” rating on shares of Moncler in a research note on Friday, April 24th. Finally, Barclays reissued an “overweight” rating on shares of Moncler in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Check Out Our Latest Stock Report on Moncler

Moncler Price Performance

MONRY stock traded up $0.19 during trading on Friday, reaching $64.99. 11,365 shares of the stock were exchanged, compared to its average volume of 46,542. The business has a 50 day moving average price of $61.94 and a 200-day moving average price of $63.01. Moncler has a 1 year low of $53.24 and a 1 year high of $71.41.

About Moncler

(Get Free Report)

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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