Kering SA (OTCMKTS:PPRUY – Get Free Report) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 197,587 shares, a growth of 224.8% from the September 15th total of 60,831 shares. Based on an average daily volume of 1,502,243 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.
Kering Trading Up 0.4%
Shares of PPRUY traded up $0.10 during trading hours on Tuesday, hitting $23.35. The company had a trading volume of 69,195 shares, compared to its average volume of 307,184. The stock’s 50 day moving average price is $27.98 and its 200 day moving average price is $28.84. The company has a quick ratio of 1.57, a current ratio of 2.05 and a debt-to-equity ratio of 0.65. Kering has a 52-week low of $23.05 and a 52-week high of $40.70.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on PPRUY shares. Zacks Research upgraded Kering from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. The Goldman Sachs Group assumed coverage on Kering in a research report on Sunday, October 4th. They issued a “neutral” rating for the company. Citigroup reaffirmed a “neutral” rating on shares of Kering in a research note on Monday, August 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Kering in a research note on Wednesday, July 29th. Finally, HSBC upgraded shares of Kering from a “hold” rating to a “buy” rating in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
About Kering
Kering is a France-based global luxury-goods group that designs, develops and markets fashion, leather goods, jewelry, watches, eyewear and beauty products. Its portfolio includes internationally recognized brands such as Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, Qeelin and Ginori 1735. Kering Eyewear develops and distributes eyewear for its own and other luxury brands.
The company traces its origins to 1963, when François Pinault founded a timber-trading business that later expanded into retail and was known as Pinault-Printemps-Redoute, or PPR.
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