Compagnie Financière Richemont SA (OTCMKTS:CFRUY – Get Free Report) saw a significant decline in short interest in October. As of October 15th, there was short interest totalling 177,600 shares, a decline of 18.4% from the September 30th total of 217,700 shares. Based on an average daily trading volume, of 726,700 shares, the short-interest ratio is currently 0.2 days.
Wall Street Analysts Forecast Growth
Separately, Barclays raised Compagnie Financière Richemont to a “strong-buy” rating in a research note on Tuesday, September 17th.
Get Our Latest Analysis on Compagnie Financière Richemont
Compagnie Financière Richemont Trading Down 0.5 %
Compagnie Financière Richemont Cuts Dividend
The company also recently declared a dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were paid a dividend of $0.1454 per share. The ex-dividend date of this dividend was Friday, September 20th.
Compagnie Financière Richemont Company Profile
Compagnie Financière Richemont SA engages in the luxury goods business in France, the United Kingdom, Italy, Switzerland, and rest of Europe. The company operates through Jewellery Maisons, Specialist Watchmakers, and Other segments. It designs, manufactures, and distributes jewelry products, precision timepieces, watches, writing instruments, clothing, and leather goods and accessories.
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