Short Interest in Compagnie Financière Richemont SA (OTCMKTS:CFRUY) Rises By 1,284.2%

Compagnie Financière Richemont SA (OTCMKTS:CFRUY) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 912,200 shares, a growth of 1,284.2% from the December 15th total of 65,900 shares. Based on an average daily trading volume, of 1,349,000 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

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

Compagnie Financière Richemont Stock Up 1.3 %

Shares of CFRUY stock traded up $0.20 during trading hours on Wednesday, reaching $15.32. 629,408 shares of the stock traded hands, compared to its average volume of 917,751. Compagnie Financière Richemont has a 1-year low of $11.96 and a 1-year high of $16.91. The business has a fifty day moving average price of $14.56 and a 200 day moving average price of $14.83. The company has a quick ratio of 1.97, a current ratio of 2.65 and a debt-to-equity ratio of 0.29.

About Compagnie Financière Richemont

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.