8.9% increase in Coty Inc. short interest in July with 15.19M shares and 4.1 days-to-cover ratio.
Beauty products manufacturer Coty Inc. reported an 8.9% increase in short interest in July, reaching 15,190,000 shares and a 4.1 days-to-cover ratio, as 4.1% of the company's stock is short sold. Coty's stock has seen fluctuations in institutional investor positions, with M&G Plc, Assenagon Asset Management S.A., and FIL Ltd. among those increasing their stakes. Analysts' ratings for Coty range from a hold rating to a buy rating, with an average consensus target price of $12.94. The company's Prestige and Consumer Beauty segments offer fragrance, color cosmetics, and skin and body care products.
August 20, 2024
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