Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGF) Sees Large Decline in Short Interest

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGF) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 642,810 shares, a drop of 23.0% from the March 15th total of 834,552 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Salvatore Ferragamo Price Performance

Shares of Salvatore Ferragamo stock remained flat at $10.15 during trading on Friday. Salvatore Ferragamo has a one year low of $9.00 and a one year high of $10.15. The stock’s 50 day moving average price is $10.15 and its two-hundred day moving average price is $8.32.

Analyst Ratings Changes

Separately, Sanford C. Bernstein raised Salvatore Ferragamo from an “underperform” rating to an “outperform” rating in a report on Monday, March 30th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

About Salvatore Ferragamo

Salvatore Ferragamo S.p.A. is an Italian luxury fashion house known for its craftsmanship in footwear, leather goods, ready-to-wear, accessories, eyewear, watches and fragrances. Since its founding, the company has built a reputation for combining innovative design with high-quality materials, particularly in its signature shoe collections. In addition to its core footwear business, Ferragamo offers a range of handbags, small leather accessories and silk products that reflect its heritage of artisanal techniques.

The company was established in 1927 in Florence by Salvatore Ferragamo, who gained renown for designing custom shoes for Hollywood stars in the 1930s.