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 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.

Compagnie Financière Richemont Stock Down 0.5 %

Shares of OTCMKTS:CFRUY traded down $0.07 during trading on Wednesday, reaching $14.76. The company’s stock had a trading volume of 564,226 shares, compared to its average volume of 452,631. The firm’s 50 day simple moving average is $14.90 and its two-hundred day simple moving average is $15.11. Compagnie Financière Richemont has a 12 month low of $11.45 and a 12 month high of $16.91.

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.