Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Short Interest Update

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,680 shares, a growth of 531.6% from the August 15th total of 266 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 591 shares, the days-to-cover ratio is presently 2.8 days.

Wall Street Analyst Weigh In

SFRGY has been the topic of several recent research reports. Citigroup reiterated a “neutral” rating on shares of Salvatore Ferragamo in a research note on Monday, August 17th. Zacks Research raised Salvatore Ferragamo to a “hold” rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

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Salvatore Ferragamo Price Performance

Salvatore Ferragamo stock opened at $4.95 on Friday. Salvatore Ferragamo has a 1 year low of $2.65 and a 1 year high of $6.72. The firm has a 50-day moving average of $5.73 and a two-hundred day moving average of $5.00.

About Salvatore Ferragamo

(Get Free Report)

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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