Kering SA (OTCMKTS:PPRUY) Short Interest Down 66.6% in July

Kering SA (OTCMKTS:PPRUY) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 63,299 shares, a drop of 66.6% from the June 30th total of 189,301 shares. Based on an average trading volume of 452,271 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of research firms have issued reports on PPRUY. Barclays raised Kering from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. TD Cowen restated a “buy” rating on shares of Kering in a report on Thursday, April 9th. Zacks Research lowered Kering from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Finally, HSBC cut Kering from a “buy” rating to a “hold” rating in a report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

Kering Stock Performance

Shares of PPRUY stock opened at $27.37 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 0.92. The company’s fifty day simple moving average is $29.04 and its 200-day simple moving average is $30.32. Kering has a 52 week low of $24.27 and a 52 week high of $40.70.

Kering Company Profile

Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.

Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.