Kering SA (OTCMKTS:PPRUY) Short Interest Down 18.5% in November

Kering SA (OTCMKTS:PPRUY) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 41,300 shares, a decline of 18.5% from the November 15th total of 50,700 shares. Based on an average daily volume of 1,078,100 shares, the days-to-cover ratio is currently 0.0 days.

Kering Trading Up 0.9 %

Shares of OTCMKTS:PPRUY traded up $0.23 during mid-day trading on Friday, reaching $25.52. The company had a trading volume of 210,266 shares, compared to its average volume of 328,609. Kering has a one year low of $21.69 and a one year high of $47.41. The company’s 50-day moving average price is $24.46 and its 200-day moving average price is $28.66.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Berenberg Bank raised shares of Kering to a “hold” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group downgraded shares of Kering from a “neutral” rating to a “sell” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. downgraded shares of Kering from a “neutral” rating to an “underweight” rating in a report on Monday, December 2nd. Citigroup downgraded Kering from a “buy” rating to a “neutral” rating in a research note on Monday, October 21st. Finally, Barclays reaffirmed an “underweight” rating on shares of Kering in a research report on Monday, September 9th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

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.