Compagnie Financière Richemont SA (OTCMKTS:CFRUY) Short Interest Down 79.6% in September

Compagnie Financière Richemont SA (OTCMKTS:CFRUY) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 68,100 shares, a decrease of 79.6% from the August 31st total of 334,500 shares. Based on an average trading volume of 913,600 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

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

Compagnie Financière Richemont Trading Up 2.7 %

OTCMKTS CFRUY traded up $0.41 during trading hours on Friday, reaching $15.87. The company had a trading volume of 266,891 shares, compared to its average volume of 442,037. The stock has a 50-day moving average of $14.86 and a 200 day moving average of $15.15. Compagnie Financière Richemont has a 1-year low of $11.41 and a 1-year high of $16.91.

Compagnie Financière Richemont Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th will be given a $0.1454 dividend. The ex-dividend date is Friday, September 20th.

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.