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

Kering SA (OTCMKTS:PPRUY - Get Free Report) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 114,800 shares, an increase of 635.9% from the January 31st total of 15,600 shares. Based on an average daily trading volume, of 405,200 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

PPRUY has been the topic of several research analyst reports. Kepler Capital Markets raised shares of Kering from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. downgraded shares of Kering from a "neutral" rating to an "underweight" rating in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Kering currently has a consensus rating of "Hold".

Kering Trading Down 0.3 %

Shares of PPRUY traded down $0.07 during mid-day trading on Monday, hitting $27.90. 125,359 shares of the stock were exchanged, compared to its average volume of 270,099. The company has a quick ratio of 0.87, a current ratio of 1.38 and a debt-to-equity ratio of 0.70. Kering has a 52-week low of $21.69 and a 52-week high of $47.15. The firm has a 50-day moving average of $25.88 and a two-hundred day moving average of $25.65.

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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 dividend of $0.2097 per share. The ex-dividend date was Monday, January 13th.

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.