Wednesday, February 1, 2023
Google search engine
HomeMarketResultsErmenegildo Zegna (NYSE:ZGN) Short Interest Update

Ermenegildo Zegna (NYSE:ZGN) Short Interest Update


Ermenegildo Zegna (NYSE:ZGNGet Rating) was the recipient of a big lower in brief curiosity through the month of December. As of December fifteenth, there was brief curiosity totalling 1,830,000 shares, a lower of 18.7% from the November thirtieth whole of two,250,000 shares. Roughly 3.1% of the shares of the inventory are offered brief. Primarily based on a mean buying and selling quantity of 147,900 shares, the days-to-cover ratio is presently 12.4 days.

Ermenegildo Zegna Inventory Efficiency

NYSE:ZGN opened at $10.24 on Friday. The inventory’s fifty day shifting common is $10.83 and its 200 day shifting common is $10.72. Ermenegildo Zegna has a fifty-two week low of $8.89 and a fifty-two week excessive of $12.06. The corporate has a debt-to-equity ratio of 0.45, a fast ratio of 1.14 and a present ratio of 1.61.

Wall Road Analysts Forecast Development

Individually, Financial institution of America began protection on Ermenegildo Zegna in a analysis report on Tuesday, September twentieth. They set a “purchase” score and a $13.00 goal value for the corporate.

Institutional Buying and selling of Ermenegildo Zegna

A number of hedge funds and different institutional buyers have lately purchased and offered shares of the inventory. Northern Belief Corp bought a brand new stake in Ermenegildo Zegna within the second quarter price $2,853,000. Financial institution of New York Mellon Corp elevated its stake in Ermenegildo Zegna by 17.3% within the third quarter. Financial institution of New York Mellon Corp now owns 123,016 shares of the corporate’s inventory price $1,323,000 after buying an extra 18,154 shares through the interval. Rhumbline Advisers bought a brand new stake in Ermenegildo Zegna within the second quarter price $652,000. Goldman Sachs Group Inc. bought a brand new stake in Ermenegildo Zegna within the second quarter price $590,000. Lastly, JPMorgan Chase & Co. bought a brand new stake in Ermenegildo Zegna within the second quarter price $267,000. Hedge funds and different institutional buyers personal 45.33% of the corporate’s inventory.

Ermenegildo Zegna Firm Profile

(Get Rating)

Ermenegildo Zegna N.V., along with its subsidiaries, designs, manufactures, markets, and distributes luxurious menswear, footwear, leather-based items, and different equipment below the Zegna and the Thom Browne manufacturers. It offers luxurious leisurewear for males; formal fits, tuxedos, shirts, blazers, formal overcoats, and equipment; leather-based equipment comprising footwear, luggage, belts, and small leather-based equipment; and fragrances.

Learn Extra

This instantaneous information alert was generated by narrative science know-how and monetary information from MarketBeat in an effort to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

Earlier than you contemplate Ermenegildo Zegna, you will need to hear this.

MarketBeat retains observe of Wall Road’s top-rated and finest performing analysis analysts and the shares they advocate to their purchasers each day. MarketBeat has recognized the five stocks that prime analysts are quietly whispering to their purchasers to purchase now earlier than the broader market catches on… and Ermenegildo Zegna wasn’t on the listing.

Whereas Ermenegildo Zegna at the moment has a “Reasonable Purchase” score amongst analysts, top-rated analysts consider these 5 shares are higher buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover



Source link

RELATED ARTICLES
- Advertisment -
Google search engine

Most Popular

Recent Comments