Short Interest in Compagnie Financière Richemont SA (OTCMKTS:CFRUY) Declines By 79.6%

Compagnie Financière Richemont SA (OTCMKTS:CFRUY) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 68,100 shares, a decrease of 79.6% from the August 31st total of 334,500 shares. Based on an average daily trading volume, of 913,600 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Barclays upgraded Compagnie Financière Richemont to a “strong-buy” rating in a research report on Tuesday, September 17th.

Compagnie Financière Richemont Stock Performance

Shares of OTCMKTS:CFRUY traded up $0.41 during midday trading on Friday, hitting $15.87. The company’s stock had a trading volume of 266,891 shares, compared to its average volume of 442,037. Compagnie Financière Richemont has a 12-month low of $11.41 and a 12-month high of $16.91. The business’s 50 day simple moving average is $14.86 and its 200 day simple moving average is $15.15.

Compagnie Financière Richemont Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.1454 per share. The ex-dividend date is 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.