Short Interest in Compagnie Financière Richemont SA (OTCMKTS:CFRUY) Drops By 46.3%

Compagnie Financière Richemont SA (OTCMKTS:CFRUY) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 65,900 shares, a decline of 46.3% from the November 30th total of 122,800 shares. Based on an average daily volume of 1,554,800 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

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

Compagnie Financière Richemont Stock Performance

Shares of CFRUY stock traded down $0.17 during midday trading on Friday, reaching $15.21. 503,876 shares of the stock were exchanged, compared to its average volume of 495,699. Compagnie Financière Richemont has a 1 year low of $11.96 and a 1 year high of $16.91. The company’s 50 day moving average is $14.41 and its two-hundred day moving average is $14.89. 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.