Coty Inc. (NYSE:COTY) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 59,987,209 shares, an increase of 34.4% from the August 15th total of 44,621,989 shares. Based on an average trading volume of 13,107,720 shares, the days-to-cover ratio is presently 4.6 days. Currently, 13.5% of the company’s stock are short sold.

Several research analysts recently issued reports on the stock. BidaskClub upgraded shares of Coty from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Societe Generale started coverage on shares of Coty in a research note on Monday, June 12th. They set a “buy” rating and a $21.00 price objective for the company. Stifel Nicolaus set a $25.00 price objective on shares of Coty and gave the company a “buy” rating in a research note on Monday, August 21st. Jefferies Group LLC started coverage on shares of Coty in a research note on Friday, June 2nd. They set a “hold” rating and a $17.00 price objective for the company. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $22.00 price objective on shares of Coty in a research note on Monday, August 21st. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Coty presently has a consensus rating of “Hold” and an average target price of $20.54.

Shares of Coty (NYSE COTY) opened at 16.86 on Friday. Coty has a one year low of $15.83 and a one year high of $25.34. The stock’s market cap is $12.62 billion. The stock’s 50 day moving average is $18.19 and its 200-day moving average is $18.53.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Friday, September 1st were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.50 annualized dividend and a dividend yield of 2.97%. Coty’s dividend payout ratio (DPR) is currently -87.72%.

In other Coty news, SVP Ayesha Zafar purchased 21,570 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was bought at an average cost of $17.11 per share, for a total transaction of $369,062.70. Following the purchase, the senior vice president now directly owns 10,000 shares in the company, valued at $171,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Camillo Pane purchased 48,485 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average price of $16.50 per share, with a total value of $800,002.50. Following the completion of the purchase, the chief executive officer now owns 336,142 shares in the company, valued at $5,546,343. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 2,979,505 shares of company stock valued at $48,661,242. 16.10% of the stock is owned by company insiders.

ILLEGAL ACTIVITY WARNING: “Coty Inc. (COTY) Sees Large Growth in Short Interest” was originally published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2017/09/17/coty-inc-coty-sees-large-growth-in-short-interest.html.

Coty Company Profile

Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.

Receive News & Ratings for Coty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty Inc. and related companies with MarketBeat.com's FREE daily email newsletter.