EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) Sees Significant Decline in Short Interest

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 3,624 shares, a drop of 82.0% from the April 30th total of 20,151 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 195,258 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft began coverage on EssilorLuxottica in a research report on Tuesday, May 12th. They issued a “hold” rating for the company. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy”.

EssilorLuxottica Stock Up 1.3%

EssilorLuxottica stock opened at $101.55 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.70. EssilorLuxottica has a 1-year low of $96.56 and a 1-year high of $186.81. The company’s 50-day moving average is $109.80 and its 200 day moving average is $140.65.

About EssilorLuxottica

EssilorLuxottica SE is a global ophthalmic optics company formed through the 2018 merger of France-based Essilor and Italy-based Luxottica. Headquartered near Paris, the company combines lens manufacturing, frame design and production, brand management and retail operations to provide a vertically integrated offering across the vision care value chain. Its activities span product research and development, manufacturing, wholesale distribution and retailing of spectacles, sunglasses and ophthalmic lenses.

The company’s product portfolio includes prescription and non-prescription lenses, lens coatings and treatments, and an array of eyewear brands and frames.