Short Interest in Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Increases By 61.6%
Short interest in Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) increased by 61.6% in August, reaching 178,100 shares. This marked an uptick from 110,200 shares on July 31. The short-interest ratio stands at 0.6 days based on an average daily volume of 321,800 shares. Additionally, Jefferies Financial Group upgraded the stock to a "hold" rating from "underperform". However, MGDDY shares traded down 1.6% recently, having a trading volume of 61,591 shares.
Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY - Get Free Report) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 178,100 shares, an increase of 61.6% from the July 31st total of 110,200 shares. Based on an average daily trading volume, of 321,800 shares, the short-interest ratio is presently 0.6 days.
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Separately, Jefferies Financial Group upgraded Compagnie Générale des Établissements Michelin Société en commandite par actions from an "underperform" rating to a "hold" rating in a report on Thursday, July 25th.
View Our Latest Stock Report on Compagnie Générale des Établissements Michelin Société en commandite par actions
Compagnie Générale des Établissements Michelin Société en commandite par actions Trading Down 1.6 %
MGDDY stock traded down $0.31 during trading on Wednesday, reaching $19.54. The stock had a trading volume of 61,591 shares, compared to its average volume of 136,359. Compagnie Générale des Établissements Michelin Société en commandite par actions has a one year low of $14.11 and a one year high of $20.82. The company's 50 day moving average is $19.18 and its two-hundred day moving average is $19.18.
About Compagnie Générale des Établissements Michelin Société en commandite par actions
(Get Free Report)Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services. The company operates through the following segments: Passenger car and Light truck tires and related distribution, Truck tires and related distribution, and Specialty businesses.
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