LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) Sees Significant Drop in Short Interest

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 64,700 shares, a drop of 73.9% from the February 28th total of 247,800 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 640,200 shares, the short-interest ratio is currently 0.1 days.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Price Performance

Shares of OTCMKTS:LVMUY opened at $126.82 on Thursday. LVMH Moët Hennessy – Louis Vuitton, Société Européenne has a 1 year low of $119.56 and a 1 year high of $183.65. The business’s 50-day moving average is $141.22 and its 200-day moving average is $135.96.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $1.6206 per share. This is a boost from LVMH Moët Hennessy – Louis Vuitton, Société Européenne’s previous dividend of $1.18. The ex-dividend date of this dividend is Wednesday, April 23rd.

Analyst Ratings Changes

A number of brokerages have recently commented on LVMUY. Bank of America upgraded shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “neutral” rating to a “buy” rating in a report on Thursday, January 16th. Kepler Capital Markets upgraded LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. HSBC raised LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “buy” rating in a research note on Monday, December 2nd. Finally, Hsbc Global Res upgraded LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Two analysts have rated the stock with a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat.com, LVMH Moët Hennessy – Louis Vuitton, Société Européenne currently has an average rating of “Strong Buy”.

About LVMH Moët Hennessy – Louis Vuitton, Société Européenne

LVMH Moët Hennessy – Louis Vuitton, Société Européenne operates as a luxury goods company worldwide. The company offers wines, and spirits under the domaine des Lambrays, Château d'Yquem, Dom Pérignon, Ruinart, Moët & Chandon, Hennessy, Veuve Clicquot, Château Galoupet, Ardbeg, Château Cheval Blanc, Glenmorangie, Krug, Mercier, Chandon, Joseph Phelps, Newton Vineyard, Cloudy Bay, Belvedere, Colgin Cellars,Terrazas de los Andes, Bodega Numanthia, Cheval des Andes, Woodinville, Ao Yun, Clos19, Volcan de mi Tierra, and Eminente brands; and fashion and leather products under the Loewe, Moynat, Louis Vuitton, Berluti, RIMOWA, Patou, Loro Piana, FENDI, Celine, Christian Dior, Emilio Pucci, Givenchy, Kenzo, and Marc Jacobs brands.