Kering SA (OTCMKTS:PPRUY) Sees Significant Growth in Short Interest

Kering SA (OTCMKTS:PPRUY – Get Free Report) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 189,301 shares, a growth of 191.9% from the June 15th total of 64,854 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,721,041 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. HSBC lowered Kering from a “buy” rating to a “hold” rating in a research note on Tuesday, April 21st. TD Cowen reiterated a “buy” rating on shares of Kering in a research report on Thursday, April 9th. Zacks Research raised Kering from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Barclays upgraded Kering from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

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Kering Price Performance

OTCMKTS PPRUY opened at $27.71 on Wednesday. The firm’s 50 day moving average price is $29.03 and its two-hundred day moving average price is $30.68. The company has a current ratio of 1.39, a quick ratio of 0.92 and a debt-to-equity ratio of 0.66. Kering has a twelve month low of $22.17 and a twelve month high of $40.70.

About Kering

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Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.

Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.

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