Short Interest Coverage: Coty Incorporated (NYSE:COTY) Has Decline in Shorts

November 30, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Coverage: Coty Incorporated (NYSE:COTY) Has Decline in Shorts

The stock of Coty Incorporated (NYSE:COTY) registered a decrease of 5.55% in short interest. COTY’s total short interest was 32.48M shares in November as published by FINRA. Its down 5.55% from 34.39 million shares, reported previously. With 8.55 million shares average volume, it will take short sellers 4 days to cover their COTY’s short positions. The short interest to Coty Incorporated’s float is 82.13%. The stock closed at $19.55 during the last session. It is down 34.79% since April 27, 2016 and is downtrending. It has underperformed by 40.02% the S&P500.

Coty Inc. is a beauty company. The Company operates through four divisions: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. The company has a market cap of $14.44 billion. The Company’s fragrance products include a range of men’s and women’s products. It has a 243.34 P/E ratio. The Company’s fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.

Insitutional Activity: The institutional sentiment increased to 3.19 in 2016 Q2. Its up 2.65, from 0.54 in 2016Q1. The ratio is positive, as 35 funds sold all Coty Inc shares owned while 61 reduced positions. 18 funds bought stakes while 34 increased positions. They now own 57.07 million shares or 2.17% more from 55.85 million shares in 2016Q1.
Moreover, State Of Wisconsin Inv Board has 0% invested in Coty Inc (NYSE:COTY) for 29,460 shares. The Pennsylvania-based Sei Invests has invested 0% in Coty Inc (NYSE:COTY). Blackrock, a New York-based fund reported 10,177 shares. State Street Corp holds 0% of its portfolio in Coty Inc (NYSE:COTY) for 550,066 shares. Fund Mgmt Sa, a France-based fund reported 27,325 shares. Blackrock Fund accumulated 425,088 shares or 0% of the stock. Metropolitan Life Ins Ny reported 2,485 shares or 0% of all its holdings. Cubist Systematic Strategies Ltd Limited Liability Company holds 0.04% or 24,069 shares in its portfolio. Wells Fargo & Mn holds 0% of its portfolio in Coty Inc (NYSE:COTY) for 102,796 shares. Manufacturers Life Ins The has 9,590 shares for 0% of their US portfolio. Jabre Capital last reported 150,000 shares in the company. Voya Invest Mngmt Ltd Limited Liability Company accumulated 0% or 17,468 shares. First Trust Limited Partnership owns 394,178 shares or 0.03% of their US portfolio. Qs Investors Limited Liability Corporation, a New York-based fund reported 7,197 shares. Teachers has invested 0% of its portfolio in Coty Inc (NYSE:COTY).

Insider Transactions: Since July 11, 2016, the stock had 8 insider purchases, and 4 selling transactions for $73.26 million net activity. JAB Cosmetics B.V. had bought 350,000 shares worth $9.53M on Tuesday, August 30. $60,116 worth of Coty Inc (NYSE:COTY) was sold by Becht Lambertus J.H. on Tuesday, November 15. Another trade for 979 shares valued at $17,759 was sold by Schoewel Erhard. 3,983 shares with value of $107,629 were sold by Froidefond Sebastien on Monday, July 11. 993 Coty Inc (NYSE:COTY) shares with value of $18,013 were sold by Faber Joachim.

Coty Inc (NYSE:COTY) Ratings Coverage

Out of 9 analysts covering Coty (NYSE:COTY), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. Coty has been the topic of 22 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was upgraded by Bank of America to “Buy” on Monday, October 3. The firm earned “Equal-Weight” rating on Tuesday, November 1 by Morgan Stanley. On Tuesday, August 18 the stock rating was downgraded by Zacks to “Buy”. On Tuesday, July 21 the stock rating was initiated by Sterne Agee CRT with “Neutral”. Morgan Stanley initiated it with “Equal Weight” rating and $31 target price in Tuesday, September 1 report. The firm has “Sell” rating given on Friday, August 14 by B. Riley & Co. As per Thursday, September 29, the company rating was upgraded by B. Riley & Co. The stock of Coty Inc (NYSE:COTY) earned “Underweight” rating by Morgan Stanley on Monday, November 30. The firm has “Hold” rating given on Friday, August 14 by Piper Jaffray. As per Tuesday, August 25, the company rating was downgraded by JP Morgan.

COTY Company Profile

Coty Inc., incorporated on January 20, 1995, is a beauty company. The Firm operates through four divisions: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. The Firm sells products in each of its divisions through retailers, including hypermarkets, supermarkets, independent and chain drug stores and pharmacies, upscale perfumeries, upscale and mid-tier department stores, nail salons, specialty retailers, duty-free shops and traditional food, drug and mass retailers. It sells a range of its products through travel retail sales channels, including duty-free shops, airlines, cruise lines and other tax-free zones. In addition, the Company sells its products through the Internet over its retail partners’ e-commerce sites and through online retailers, and the Company sells its philosophy products through philosophy-branded Websites and through direct marketing through television. The Firm operates in the Americas (comprising North, Central and South America); Europe, the Middle East and Africa (EMEA), and Asia Pacific (comprising Asia and Australia).

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By Ellis Scott


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