Kering SA (OTCMKTS:PPRUY) Sees Large Growth in Short Interest

Kering SA (OTCMKTS:PPRUY) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 79,500 shares, an increase of 92.5% from the November 30th total of 41,300 shares. Based on an average trading volume of 639,800 shares, the days-to-cover ratio is presently 0.1 days.

Kering Trading Up 0.4 %

Shares of PPRUY stock traded up $0.10 during mid-day trading on Friday, reaching $24.79. 591,633 shares of the company’s stock traded hands, compared to its average volume of 330,194. Kering has a 12 month low of $21.69 and a 12 month high of $47.41. The firm has a 50 day moving average price of $24.26 and a two-hundred day moving average price of $27.92.

Kering Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 13th will be issued a dividend of $0.2097 per share. The ex-dividend date of this dividend is Monday, January 13th.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays reissued an “underweight” rating on shares of Kering in a report on Monday, September 9th. Royal Bank of Canada reissued a “sector perform” rating on shares of Kering in a report on Monday, September 9th. Berenberg Bank upgraded Kering to a “hold” rating in a research note on Wednesday, October 30th. Citigroup cut Kering from a “buy” rating to a “neutral” rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. cut Kering from a “neutral” rating to an “underweight” rating in a research report on Monday, December 2nd. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, Kering currently has a consensus rating of “Hold”.

Kering Company Profile

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.