What Next for Coty Inc Class A (NYSE:COTY) Stock After Increase in Shorted Shares?

April 24, 2018 - By Hazel Jackson

Coty Inc. (NYSE:COTY) Logo

Investors sentiment decreased to 0.95 in 2017 Q4. Its down 0.22, from 1.17 in 2017Q3. It turned negative, as 29 investors sold Coty Inc. shares while 112 reduced holdings. 42 funds opened positions while 92 raised stakes. 499.23 million shares or 2.30% less from 510.97 million shares in 2017Q3 were reported.
Louisiana State Employees Retirement Systems holds 0.03% of its portfolio in Coty Inc. (NYSE:COTY) for 28,600 shares. Delta Asset Management Ltd Limited Liability Company Tn invested 0.02% of its portfolio in Coty Inc. (NYSE:COTY). The Alabama-based Retirement Of Alabama has invested 0.02% in Coty Inc. (NYSE:COTY). Moreover, Private Ocean Ltd has 0.02% invested in Coty Inc. (NYSE:COTY) for 1,377 shares. Whittier Tru invested 0.01% of its portfolio in Coty Inc. (NYSE:COTY). Ohio-based Fifth Third Bank has invested 0% in Coty Inc. (NYSE:COTY). Architects holds 0.01% in Coty Inc. (NYSE:COTY) or 1,711 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0.02% invested in Coty Inc. (NYSE:COTY). Bank Of Montreal Can has 0% invested in Coty Inc. (NYSE:COTY). Genesee Valley Co reported 21,146 shares. Proshare Ltd Llc has invested 0.01% in Coty Inc. (NYSE:COTY). Royal Bancshares Of Canada holds 0% of its portfolio in Coty Inc. (NYSE:COTY) for 160,107 shares. Envestnet Asset Management Incorporated holds 0% or 11,519 shares. Paloma Ptnrs Management Company, Connecticut-based fund reported 132,211 shares. Bancorp Of Mellon Corp owns 17.86 million shares.

Since February 12, 2018, it had 1 insider buy, and 0 insider sales for $84.48 million activity.

The stock of Coty Inc Class A (NYSE:COTY) registered an increase of 12.67% in short interest. COTY’s total short interest was 56.88M shares in April as published by FINRA. Its up 12.67% from 50.49M shares, reported previously. With 4.39M shares average volume, it will take short sellers 13 days to cover their COTY’s short positions. The short interest to Coty Inc Class A’s float is 12.91%.

The stock increased 0.54% or $0.0901 during the last trading session, reaching $16.7601. About 1.23 million shares traded. Coty Inc. (NYSE:COTY) has risen 0.16% since April 24, 2017 and is uptrending. It has underperformed by 11.39% the S&P500.

Coty Inc., together with its subsidiaries, makes, markets, sells, and distributes beauty products worldwide. The company has market cap of $12.57 billion. It operates in three divisions: Consumer Beauty, Luxury, and Professional Beauty. It currently has negative earnings. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care products, and mass fragrances primarily through hypermarkets, supermarkets, drug stores and pharmacies, mid-tier department stores, and traditional food and drug retailers, as well as own branded e-commerce and direct to consumer Websites.

Coty Inc. (NYSE:COTY) Ratings Coverage

Among 7 analysts covering Coty (NYSE:COTY), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Coty had 9 analyst reports since November 10, 2017 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Thursday, February 8 with “Buy”. BMO Capital Markets maintained Coty Inc. (NYSE:COTY) rating on Thursday, February 8. BMO Capital Markets has “Buy” rating and $24.0 target. DA Davidson maintained the stock with “Neutral” rating in Friday, November 10 report. The firm has “Outperform” rating given on Thursday, December 21 by RBC Capital Markets. The firm earned “Buy” rating on Friday, February 9 by Citigroup. The firm has “Underweight” rating given on Monday, February 12 by JP Morgan. On Friday, November 10 the stock rating was maintained by BMO Capital Markets with “Outperform”. The stock of Coty Inc. (NYSE:COTY) has “Buy” rating given on Tuesday, December 12 by Citigroup.

Coty Inc. (NYSE:COTY) Institutional Positions Chart

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