Compagnie Financière Richemont SA (OTCMKTS:CFRUY) Short Interest Update

Compagnie Financière Richemont SA (OTCMKTS:CFRUY) was the recipient of a significant growth in short interest in 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 short-interest ratio is currently 0.2 days.

Compagnie Financière Richemont Price Performance

Compagnie Financière Richemont stock traded up $0.14 during trading hours on Thursday, hitting $13.31. The stock had a trading volume of 567,993 shares, compared to its average volume of 459,196. Compagnie Financière Richemont has a 1-year low of $11.96 and a 1-year high of $16.91. The stock’s fifty day moving average is $14.54 and its two-hundred day moving average is $15.10. 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 firm also recently declared a dividend, which was paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th were given a $0.1454 dividend. The ex-dividend date was Friday, September 20th.

Wall Street Analyst Weigh In

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

Compagnie Financière Richemont Company Profile

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.