Moncler S.P.A. – Unsponsored ADR (OTCMKTS:MONRY – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 2,121 shares, a growth of 258.3% from the July 30th total of 592 shares. Based on an average daily volume of 28,427 shares, the days-to-cover ratio is currently 0.1 days.
Moncler Stock Up 1.6%
OTCMKTS:MONRY traded up $0.86 during mid-day trading on Friday, reaching $55.56. The stock had a trading volume of 4,775 shares, compared to its average volume of 44,815. Moncler has a 1-year low of $53.10 and a 1-year high of $71.41. The stock’s 50 day simple moving average is $57.02 and its two-hundred day simple moving average is $60.60.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Citigroup reiterated a “buy” rating on shares of Moncler in a report on Wednesday, August 19th. Morgan Stanley began coverage on Moncler in a research report on Tuesday, June 23rd. They issued an “equal weight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy”.
About Moncler
Moncler S.p.A. is an Italian luxury fashion house best known for its high-end down jackets and skiwear. Established in 1952 in Monestier-de-Clermont, near Grenoble, France, the company has built a strong reputation for combining technical performance with refined aesthetics. Its core product lineup includes insulated jackets, vests, coats, knitwear, footwear and accessories, all designed to withstand extreme weather while meeting the standards of high fashion.
Originally founded by René Ramillon and André Vincent as a maker of quilted sleeping bags and tents, Moncler gradually shifted focus to outerwear for mountain sports.
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