Kering SA (OTCMKTS:PPRUY) Short Interest Update

Kering SA (OTCMKTS:PPRUY) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 15,600 shares, a drop of 33.9% from the January 15th total of 23,600 shares. Based on an average daily volume of 627,000 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of research firms have recently commented on PPRUY. JPMorgan Chase & Co. cut Kering from a “neutral” rating to an “underweight” rating in a research note on Monday, December 2nd. Berenberg Bank raised Kering to a “hold” rating in a research report on Wednesday, October 30th. Finally, Citigroup lowered Kering from a “buy” rating to a “neutral” rating in a research report on Monday, October 21st. Three analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Kering Trading Up 2.2 %

Shares of Kering stock traded up $0.63 on Friday, reaching $29.37. The company’s stock had a trading volume of 155,439 shares, compared to its average volume of 287,633. The firm’s fifty day simple moving average is $25.12 and its two-hundred day simple moving average is $25.67. Kering has a 52 week low of $21.69 and a 52 week high of $47.41. The company has a quick ratio of 0.87, a current ratio of 1.38 and a debt-to-equity ratio of 0.70.

Kering Cuts Dividend

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

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.