Compagnie Financière Richemont SA (OTCMKTS:CFRUY) Short interest up 39.3% in May
Compagnie Financière Richemont SA (OTCMKTS: CFRUY – Get a rating) recorded a strong increase in short-term interest in May. As of May 15, there was short interest totaling 92,900 shares, an increase of 39.3% from the April 30 total of 66,700 shares. Based on an average daily trading volume of 1,128,500 shares, the day-to-cover ratio is currently 0.1 day.
Shares of CFRUY traded at $0.56 during Monday trading hours, reaching $10.85. The stock recorded a trading volume of 358,300 shares, against an average volume of 549,522. Compagnie Financière Richemont has a 12-month low of $9.29 and a 12-month high of $15.67 . The company has a 50-day simple moving average of $11.63 and a 200-day simple moving average of $13.28.
CFRUY has been the subject of several recent analyst reports. UBS Group raised its price target on shares of Compagnie Financière Richemont from CHF 159 to CHF 167 in a research report on Tuesday 5 April. Telsey Advisory Group reaffirmed a “market performance” rating on shares of Compagnie Financière Richemont in a research report on Monday, May 23. JPMorgan Chase & Co. cut its price target on shares of Compagnie Financière Richemont from CHF 165 to CHF 150 and set an “overweight” rating for the company in a Monday, May 23 research report. Barclays cut its price target on shares of Compagnie Financière Richemont from CHF 158 to CHF 142 in a research report on Wednesday May 25. To finish, Zacks Investment Research downgraded the shares of Compagnie Financière Richemont from a “buy” rating to a “hold” rating in a Wednesday, March 23 research report. Four equity research analysts gave the stock a hold rating and ten gave the stock a buy rating. Based on MarketBeat data, Compagnie Financière Richemont currently has a consensus Buy rating and consensus target price of $126.83.
Richemont Financial Company Profile (Get a rating)
Compagnie Financière Richemont SA is active in the luxury goods sector in Europe, the Middle East, Africa, Asia and America. The Company operates through the segments of jewelry houses, specialist watchmakers and online distributors. It designs, manufactures and distributes jewelry products; and precision watches, clocks and writing instruments, as well as apparel, leather goods and accessories.
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