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 volume of 726,700 shares, the days-to-cover ratio is currently 0.2 days.
Wall Street Analyst Weigh In
Separately, Barclays upgraded Compagnie Financière Richemont to a “strong-buy” rating in a research note on Tuesday, September 17th.
Read Our Latest Stock Analysis on CFRUY
Compagnie Financière Richemont Stock Down 0.5 %
Compagnie Financière Richemont Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were issued a dividend of $0.1454 per share. The ex-dividend date 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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