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Luxottica Group S.p.A. (NYSE:LUX) was the target of a large drop in short interest in May. As of May 30th, there was short interest totalling 61,822 shares, a drop of 92.6% from the May 15th total of 832,641 shares, American Banking & Market News reports. Based on an average daily trading volume, of 64,032 shares, the short-interest ratio is currently 1.0 days. Currently, 0.0% of the shares of the stock are short sold.

Shares of Luxottica Group S.p.A. (NYSE:LUX) traded up 0.28% during mid-day trading on Tuesday, hitting $56.89. 88,811 shares of the company’s stock traded hands. Luxottica Group S.p.A. has a 1-year low of $48.59 and a 1-year high of $58.55. The stock’s 50-day moving average is $56.31 and its 200-day moving average is $54.17. The company has a market cap of $27.207 billion and a P/E ratio of 36.74.

Luxottica Group S.p.A. (NYSE:LUX) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.45 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.46 by $0.01. Analysts expect that Luxottica Group S.p.A. will post $2.05 EPS for the current fiscal year.

Luxottica Group S.p.A. is an Italy-based company engaged in the design, manufacture and distribution of prescription frames and sunglasses in the mid-and premium-price categories.

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