Kering SA (OTCMKTS:PPRUY) Sees Significant Growth in Short Interest

Kering SA (OTCMKTS:PPRUY - Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 59,700 shares, an increase of 217.6% from the February 28th total of 18,800 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 475,600 shares, the days-to-cover ratio is presently 0.1 days.

Kering Price Performance

Kering stock traded down $0.73 during mid-day trading on Monday, reaching $20.73. The company's stock had a trading volume of 461,571 shares, compared to its average volume of 352,493. The firm's fifty day moving average price is $26.13 and its two-hundred day moving average price is $25.21. Kering has a 12-month low of $20.52 and a 12-month high of $40.19. The company has a quick ratio of 0.87, a current ratio of 1.38 and a debt-to-equity ratio of 0.70.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Kepler Capital Markets raised shares of Kering from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. cut shares of Kering from a "neutral" rating to an "underweight" rating in a report on Monday, December 2nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently 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.