Compagnie Financière Richemont SA (OTCMKTS:CFRUY) Short Interest Up 1,284.2% in December

Compagnie Financière Richemont SA (OTCMKTS:CFRUY) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 912,200 shares, an increase of 1,284.2% from the December 15th total of 65,900 shares. Based on an average daily volume of 1,349,000 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

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

Compagnie Financière Richemont Stock Performance

Shares of CFRUY traded down $0.26 during mid-day trading on Monday, reaching $15.19. The company’s stock had a trading volume of 1,729,222 shares, compared to its average volume of 861,570. Compagnie Financière Richemont has a 1-year low of $11.96 and a 1-year high of $16.91. The business has a 50-day simple moving average of $14.53 and a two-hundred day simple moving average of $14.84. 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 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.