Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY – Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 885 shares, a growth of 52.1% from the July 15th total of 582 shares. Based on an average daily volume of 2,346 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the company’s shares are sold short.
Salvatore Ferragamo Price Performance
SFRGY stock opened at $5.67 on Wednesday. The company’s 50-day moving average is $5.84 and its 200-day moving average is $4.84. Salvatore Ferragamo has a 1 year low of $2.64 and a 1 year high of $6.72.
Wall Street Analyst Weigh In
A number of research firms have issued reports on SFRGY. Citigroup restated a “neutral” rating on shares of Salvatore Ferragamo in a report on Monday. Zacks Research upgraded shares of Salvatore Ferragamo to a “hold” rating in a research note on Thursday, June 25th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.
About Salvatore Ferragamo
Salvatore Ferragamo S.p.A. operates as a designer, producer and distributor of high-end luxury footwear, leather goods, apparel and accessories. The company’s product portfolio spans men’s and women’s shoes, handbags, small leather items, silk products, ready-to-wear collections, eyewear, fragrances and watches. Through its vertically integrated business model, Ferragamo controls key aspects of the value chain, from design and manufacturing to wholesale distribution and direct-to-consumer retail.
Founded in 1927 by Italian shoemaker Salvatore Ferragamo, the company is headquartered in Florence, Italy and has grown into a globally recognized luxury brand.
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