Short Interest in Kering SA (OTCMKTS:PPRUY) Rises By 635.9%

Kering SA (OTCMKTS:PPRUY) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 114,800 shares, a growth of 635.9% from the January 31st total of 15,600 shares. Based on an average daily volume of 405,200 shares, the short-interest ratio is presently 0.3 days.

Kering Stock Performance

Shares of PPRUY traded down $0.02 during trading hours on Thursday, hitting $28.56. The stock had a trading volume of 138,181 shares, compared to its average volume of 277,697. The company’s fifty day simple moving average is $25.66 and its 200 day simple moving average is $25.65. Kering has a 12-month low of $21.69 and a 12-month high of $47.15. The company has a current ratio of 1.38, a quick ratio of 0.87 and a debt-to-equity ratio of 0.70.

Kering Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were issued a dividend of $0.2097 per share. The ex-dividend date was Monday, January 13th.

Analyst Ratings Changes

PPRUY has been the topic of a number of research reports. JPMorgan Chase & Co. cut shares of Kering from a “neutral” rating to an “underweight” rating in a research note on Monday, December 2nd. Berenberg Bank raised Kering to a “hold” rating in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

About Kering

Kering SA manages the development of a series of renowned houses in fashion, leather goods and jewelry in France, the Asia-Pacific, Western Europe, North America, Japan, and internationally. The company offers ready-to-wear products apparel and accessories for men and women. It also offers leather goods and shoes; watches and jewelry; eyewear products; and fragrances and cosmetics.