Compagnie Financière Richemont SA (OTCMKTS:CFRUY) Short Interest Update

Compagnie Financière Richemont SA (OTCMKTS:CFRUY) 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.

Compagnie Financière Richemont Trading Down 0.5 %

OTCMKTS CFRUY traded down $0.07 during trading hours on Wednesday, reaching $14.76. The company had a trading volume of 564,226 shares, compared to its average volume of 452,631. Compagnie Financière Richemont has a 1-year low of $11.45 and a 1-year high of $16.91. The stock has a 50-day moving average of $14.90 and a 200 day moving average of $15.11.

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.