Compagnie Financière Richemont SA (OTCMKTS:CFRUY) Sees Significant Increase in Short Interest

Compagnie Financière Richemont SA (OTCMKTS:CFRUY) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 281,000 shares, a growth of 58.2% from the October 15th total of 177,600 shares. Based on an average trading volume of 1,312,600 shares, the days-to-cover ratio is currently 0.2 days.

Compagnie Financière Richemont Price Performance

Shares of CFRUY traded up $0.11 during mid-day trading on Friday, hitting $13.42. The company’s stock had a trading volume of 590,099 shares, compared to its average volume of 602,595. Compagnie Financière Richemont has a one year low of $11.96 and a one year high of $16.91. The stock’s 50-day moving average is $14.52 and its two-hundred day moving average is $15.09. The company has a quick ratio of 1.97, a current ratio of 2.65 and a debt-to-equity ratio of 0.29.

Compagnie Financière Richemont Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were given a dividend of $0.1454 per share. The ex-dividend date was Friday, September 20th.

Analysts Set New Price Targets

Separately, Barclays upgraded Compagnie Financière Richemont to a “strong-buy” rating in a report on Tuesday, September 17th.

About Compagnie Financière Richemont

Compagnie Financière Richemont SA engages in the luxury goods business in France, the United Kingdom, Italy, Switzerland, and rest of Europe. The company operates through Jewellery Maisons, Specialist Watchmakers, and Other segments. It designs, manufactures, and distributes jewelry products, precision timepieces, watches, writing instruments, clothing, and leather goods and accessories.