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

Kering SA (OTCMKTS:PPRUY) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 114,800 shares, an increase of 635.9% from the January 31st total of 15,600 shares. Based on an average trading volume of 405,200 shares, the short-interest ratio is presently 0.3 days.

Kering Stock Down 0.7 %

PPRUY stock traded down $0.21 during midday trading on Friday, hitting $27.97. 121,783 shares of the stock traded hands, compared to its average volume of 273,812. Kering has a 1-year low of $21.69 and a 1-year high of $47.15. The company has a quick ratio of 0.87, a current ratio of 1.38 and a debt-to-equity ratio of 0.70. The stock’s fifty day simple moving average is $25.81 and its 200-day simple moving average is $25.68.

Kering Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were given a dividend of $0.2097 per share. The ex-dividend date was Monday, January 13th.

Analyst Ratings Changes

A number of research firms have recently weighed in on PPRUY. JPMorgan Chase & Co. lowered shares of Kering from a “neutral” rating to an “underweight” rating in a research note on Monday, December 2nd. Kepler Capital Markets upgraded Kering from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Kering currently has a consensus rating of “Hold”.

About Kering

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.