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

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

Wall Street Analyst Weigh In

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

Compagnie Financière Richemont Stock Performance

Shares of OTCMKTS CFRUY traded up $0.14 during midday trading on Friday, hitting $13.90. 471,300 shares of the company’s stock were exchanged, compared to its average volume of 472,171. The firm’s fifty day simple moving average is $14.41 and its 200-day simple moving average is $15.03. Compagnie Financière Richemont has a twelve month low of $11.96 and a twelve month high of $16.91. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.65 and a quick ratio of 1.97.

Compagnie Financière Richemont Cuts Dividend

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

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.