Compagnie Financière Richemont SA (OTCMKTS:CFRUY - Get Free Report) was the target of a large drop in short interest in October. As of October 15th, there was short interest totalling 177,600 shares, a drop 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.
Analyst Ratings Changes
Separately, Barclays upgraded shares of Compagnie Financière Richemont to a "strong-buy" rating in a research report on Tuesday, September 17th.
Get Our Latest Stock Analysis on CFRUY
Compagnie Financière Richemont Stock Up 0.6 %
Shares of OTCMKTS CFRUY traded up $0.09 during mid-day trading on Monday, hitting $14.83. The company's stock had a trading volume of 626,892 shares, compared to its average volume of 452,094. Compagnie Financière Richemont has a one year low of $11.45 and a one year high of $16.91. The company's fifty day simple moving average is $14.94 and its 200-day simple moving average is $15.10.
Compagnie Financière Richemont Cuts Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were paid a dividend of $0.1454 per share. The ex-dividend date of this dividend was Friday, September 20th.
Compagnie Financière Richemont Company Profile
(
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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.
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