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

Kering SA (OTCMKTS:PPRUY - Get Free Report) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 15,600 shares, a drop of 33.9% from the January 15th total of 23,600 shares. Based on an average daily trading volume, of 627,000 shares, the short-interest ratio is presently 0.0 days.

Kering Stock Performance

PPRUY traded down $0.77 during trading hours on Tuesday, reaching $28.60. 222,645 shares of the stock traded hands, compared to its average volume of 293,163. Kering has a fifty-two week low of $21.69 and a fifty-two week high of $47.41. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.38 and a quick ratio of 0.87. The firm's fifty day simple moving average is $25.19 and its two-hundred day simple moving average is $25.64.

Kering Cuts Dividend

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

Wall Street Analysts Forecast Growth

PPRUY has been the topic of several recent research reports. JPMorgan Chase & Co. lowered shares of Kering from a "neutral" rating to an "underweight" rating in a report on Monday, December 2nd. Berenberg Bank raised Kering to a "hold" rating in a research report on Wednesday, October 30th. Finally, Citigroup lowered Kering from a "buy" rating to a "neutral" rating in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold".

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.