Short Interest in Kering SA (OTCMKTS:PPRUY) Declines By 83.6%

Kering SA (OTCMKTS:PPRUY) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 18,800 shares, a decline of 83.6% from the February 13th total of 114,800 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 400,400 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

PPRUY has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut shares of Kering from a “neutral” rating to an “underweight” rating in a research note on Monday, December 2nd. Kepler Capital Markets raised Kering from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. Three equities 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Kering Stock Down 1.9 %

Shares of OTCMKTS:PPRUY traded down $0.52 during mid-day trading on Wednesday, reaching $27.21. The stock had a trading volume of 254,976 shares, compared to its average volume of 259,854. The business’s 50 day moving average price is $26.25 and its 200 day moving average price is $25.60. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.38 and a quick ratio of 0.87. Kering has a 1 year low of $21.69 and a 1 year high of $47.15.

Kering Cuts Dividend

The company 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 of this dividend was Monday, January 13th.

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.