Kering SA (OTCMKTS:PPRUY) Short Interest Up 92.5% in December

Kering SA (OTCMKTS:PPRUY - Get Free Report) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 79,500 shares, a growth of 92.5% from the November 30th total of 41,300 shares. Based on an average trading volume of 639,800 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of research analysts have issued reports on PPRUY shares. Citigroup downgraded shares of Kering from a "buy" rating to a "neutral" rating in a research report on Monday, October 21st. JPMorgan Chase & Co. downgraded shares of Kering from a "neutral" rating to an "underweight" rating in a research note on Monday, December 2nd. Barclays reissued an "underweight" rating on shares of Kering in a research report on Monday, September 9th. Berenberg Bank upgraded Kering to a "hold" rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Kering in a research note on Monday, September 9th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Kering currently has an average rating of "Hold".

Kering Price Performance

Shares of OTCMKTS PPRUY traded up $0.10 on Friday, reaching $24.79. 591,633 shares of the company's stock traded hands, compared to its average volume of 330,194. The business's 50 day simple moving average is $24.26 and its two-hundred day simple moving average is $27.92. Kering has a 12 month low of $21.69 and a 12 month high of $47.41.

Kering Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be given a $0.2097 dividend. The ex-dividend date of this dividend is Monday, January 13th.

Kering Company Profile

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.

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