Geberit AG (OTCMKTS:GBERY) Sees Significant Increase in Short Interest
by Michael Walen · The Markets DailyGeberit AG (OTCMKTS:GBERY – Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totaling 2,387 shares, a growth of 2,311.1% from the March 15th total of 99 shares. Based on an average trading volume of 52,321 shares, the days-to-cover ratio is presently 0.0 days.
Geberit Trading Up 0.4%
Geberit stock traded up $0.25 during mid-day trading on Friday, reaching $69.94. The stock had a trading volume of 19,975 shares, compared to its average volume of 13,128. Geberit has a fifty-two week low of $65.29 and a fifty-two week high of $84.91. The stock’s 50-day simple moving average is $75.02 and its 200-day simple moving average is $76.18.
Wall Street Analyst Weigh In
Separately, Morgan Stanley reiterated an “underweight” rating on shares of Geberit in a research note on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.
View Our Latest Stock Analysis on Geberit
Geberit Company Profile
Geberit AG is a Swiss-based manufacturer specializing in sanitary products and systems for residential, commercial and industrial applications. Headquartered in Rapperswil-Jona, Switzerland, the company develops and supplies installation systems, bathroom ceramics, faucets and piping solutions. Its product range encompasses concealed cisterns, flush plates, wall-hung toilets, washbasins, shower trays and underfloor heating systems, complemented by digital bathroom controls and smart water management technologies.
Founded in 1874, Geberit evolved from a regional metalworking business into a global market leader in sanitary technology.