Short Interest in Kering SA (OTCMKTS:PPRUY) Rises By 217.6%

Kering SA (OTCMKTS:PPRUY) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 59,700 shares, a growth of 217.6% from the February 28th total of 18,800 shares. Based on an average daily trading volume, of 475,600 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Kering Price Performance

Shares of OTCMKTS:PPRUY traded down $0.29 during mid-day trading on Friday, reaching $21.46. The stock had a trading volume of 563,405 shares, compared to its average volume of 350,630. The firm has a 50 day simple moving average of $26.20 and a two-hundred day simple moving average of $25.24. Kering has a twelve month low of $21.42 and a twelve month high of $40.19. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.87 and a current ratio of 1.38.

Analyst Ratings Changes

PPRUY has been the topic of several recent research reports. JPMorgan Chase & Co. cut Kering from a “neutral” rating to an “underweight” rating in a report on Monday, December 2nd. Kepler Capital Markets upgraded shares of Kering from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kering 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.