LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) Sees Significant Drop in Short Interest

LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 64,700 shares, a decrease of 73.9% from the February 28th total of 247,800 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 640,200 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Hsbc Global Res raised LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. HSBC upgraded shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “buy” rating in a report on Monday, December 2nd. Bank of America upgraded LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “neutral” rating to a “buy” rating in a research note on Thursday, January 16th. Finally, Kepler Capital Markets upgraded shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. Two analysts have rated the stock with a buy rating and five have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, LVMH Moët Hennessy – Louis Vuitton, Société Européenne has an average rating of “Strong Buy”.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Price Performance

Shares of OTCMKTS LVMUY traded down $0.44 during midday trading on Friday, hitting $126.48. 289,776 shares of the company’s stock were exchanged, compared to its average volume of 367,595. The firm’s fifty day simple moving average is $140.57 and its 200-day simple moving average is $135.83. LVMH Moët Hennessy – Louis Vuitton, Société Européenne has a twelve month low of $119.56 and a twelve month high of $183.65.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 23rd will be issued a $1.6206 dividend. This is a boost from LVMH Moët Hennessy – Louis Vuitton, Société Européenne’s previous dividend of $1.18. The ex-dividend date of this dividend is Wednesday, April 23rd.

LVMH Moët Hennessy – Louis Vuitton, Société Européenne Company Profile

LVMH Moët Hennessy – Louis Vuitton, Société Européenne operates as a luxury goods company worldwide. The company offers wines, and spirits under the domaine des Lambrays, Château d'Yquem, Dom Pérignon, Ruinart, Moët & Chandon, Hennessy, Veuve Clicquot, Château Galoupet, Ardbeg, Château Cheval Blanc, Glenmorangie, Krug, Mercier, Chandon, Joseph Phelps, Newton Vineyard, Cloudy Bay, Belvedere, Colgin Cellars,Terrazas de los Andes, Bodega Numanthia, Cheval des Andes, Woodinville, Ao Yun, Clos19, Volcan de mi Tierra, and Eminente brands; and fashion and leather products under the Loewe, Moynat, Louis Vuitton, Berluti, RIMOWA, Patou, Loro Piana, FENDI, Celine, Christian Dior, Emilio Pucci, Givenchy, Kenzo, and Marc Jacobs brands.