Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY – Get Free Report) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 266 shares, a decline of 69.9% from the July 30th total of 885 shares. Based on an average daily volume of 242,598 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.
Salvatore Ferragamo Stock Performance
SFRGY remained flat at $5.54 during trading on Thursday. The company had a trading volume of 232 shares, compared to its average volume of 61,098. The company has a 50-day moving average of $5.83 and a 200-day moving average of $4.91. Salvatore Ferragamo has a 1 year low of $2.65 and a 1 year high of $6.72.
Analysts Set New Price Targets
Several analysts recently commented on SFRGY shares. Zacks Research raised shares of Salvatore Ferragamo to a “hold” rating in a research note on Thursday, June 25th. Citigroup reiterated a “neutral” rating on shares of Salvatore Ferragamo in a research report on Monday, August 17th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Salvatore Ferragamo currently 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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