Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) Short Interest Update

Salvatore Ferragamo S.p.A. (OTCMKTS:SFRGY) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 5,300 shares, a growth of 5,200.0% from the August 15th total of 100 shares. Based on an average daily volume of 9,100 shares, the short-interest ratio is presently 0.6 days.

A number of research analysts have recently weighed in on the company. Morgan Stanley reiterated an “equal weight” rating on shares of Salvatore Ferragamo in a report on Wednesday, September 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Salvatore Ferragamo in a report on Wednesday, September 8th. Jefferies Financial Group downgraded Salvatore Ferragamo to a “hold” rating and set a $18.00 price target on the stock. in a report on Monday, June 28th. The Goldman Sachs Group downgraded Salvatore Ferragamo from a “neutral” rating to a “sell” rating in a report on Friday, July 9th. Finally, UBS Group reiterated a “neutral” rating on shares of Salvatore Ferragamo in a report on Wednesday, June 23rd. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, Salvatore Ferragamo has an average rating of “Hold” and a consensus target price of $18.00.

Shares of OTCMKTS:SFRGY opened at $11.03 on Wednesday. Salvatore Ferragamo has a fifty-two week low of $6.25 and a fifty-two week high of $12.75. The business has a 50-day moving average of $10.40 and a two-hundred day moving average of $10.72.

About Salvatore Ferragamo

Salvatore Ferragamo SpA engages in the creation, development and production of footwear, leather goods, apparel, accessories, and jewelry for men and women. Its product ranges includes eyewear, watches, fragrances and body care. The company was founded by Salvatore Ferragamo in 1927 and is headquartered in Florence, Italy.

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