Kering SA (OTCMKTS:PPRUY) Short Interest Up 51.1% in December
Kering SA (OTCMKTS:PPRUY – Get Rating) was the recipient of a significant increase in short interest during the month of December. As of December 30th, there was short interest totalling 63,300 shares…
From the Equity Insider archive. This article dates from Jan 22, 2023 and is preserved as first published.
Kering SA (OTCMKTS:PPRUY – Get Rating) was the recipient of a significant increase in short interest during the month of December. As of December 30th, there was short interest totalling 63,300 shares, an increase of 51.1% from the December 15th total of 41,900 shares. Based on an average daily volume of 307,800 shares, the short-interest ratio is currently 0.2 days.
Analyst Ratings Changes
PPRUY has been the topic of a number of research analyst reports. Societe Generale cut shares of Kering from a “buy” rating to a “hold” rating in a report on Tuesday, December 20th. Royal Bank of Canada dropped their target price on shares of Kering from €685.00 ($744.57) to €650.00 ($706.52) in a report on Monday, October 10th. UBS Group cut shares of Kering from a “buy” rating to a “neutral” rating in a report on Tuesday, December 6th. Barclays cut shares of Kering from an “overweight” rating to an “equal weight” rating in a report on Tuesday, September 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Kering from €700.00 ($760.87) to €520.00 ($565.22) and set a “hold” rating on the stock in a report on Thursday, October 6th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $665.88.
Societe Generale cut shares of Kering from a “buy” rating to a “hold” rating in a report on Tuesday, December 20th.
Kering Trading Up 0.4 %
Shares of PPRUY stock traded up $0.25 during mid-day trading on Friday, hitting $58.09. 206,029 shares of the stock traded hands, compared to its average volume of 138,546. The stock’s fifty day moving average is $55.26 and its two-hundred day moving average is $52.10. Kering has a 52-week low of $41.30 and a 52-week high of $77.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.42.
Kering Cuts Dividend
The company also recently declared a dividend, which will be paid on Thursday, February 2nd. Shareholders of record on Friday, January 13th will be given a dividend of $0.3487 per share. This represents a dividend yield of 2.08%. The ex-dividend date is Thursday, January 12th.
About Kering
Kering SA develops, designs, manufactures, markets, and sells apparel and accessories. The company offers shoes; leather goods, including handbags and wallets, purses, and other leather products; eyewear, textile accessories, etc.; and jewelry and watches, as well as ready-to-wear products for men and women.
