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

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

Kering Price Performance

Kering stock traded down $0.02 during midday trading on Thursday, hitting $28.56. 138,181 shares of the company were exchanged, compared to its average volume of 277,697. The company has a quick ratio of 0.87, a current ratio of 1.38 and a debt-to-equity ratio of 0.70. The business has a fifty day simple moving average of $25.66 and a two-hundred day simple moving average of $25.65. Kering has a fifty-two week low of $21.69 and a fifty-two week high of $47.15.

Kering Cuts Dividend

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

Analyst Upgrades and Downgrades

PPRUY has been the topic of a number of analyst reports. Berenberg Bank raised shares of Kering to a “hold” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lowered shares of Kering from a “neutral” rating to an “underweight” rating in a report on Monday, December 2nd. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, the company has an average 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.