Short Interest in Compagnie Financière Richemont SA (OTCMKTS:CFRUY) Declines By 42.4%

Compagnie Financière Richemont SA (OTCMKTS:CFRUY) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 161,800 shares, a drop of 42.4% from the October 31st total of 281,000 shares. Based on an average daily trading volume, of 1,279,000 shares, the short-interest ratio is currently 0.1 days.

Compagnie Financière Richemont Stock Performance

OTCMKTS:CFRUY opened at $13.90 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.97 and a current ratio of 2.65. Compagnie Financière Richemont has a fifty-two week low of $11.96 and a fifty-two week high of $16.91. The stock’s fifty day moving average is $14.42 and its 200 day moving average is $15.02.

Compagnie Financière Richemont Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were issued a dividend of $0.1454 per share. The ex-dividend date was Friday, September 20th.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of Compagnie Financière Richemont to a “strong-buy” rating in a research report 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.