Geberit AG (OTCMKTS:GBERY) Short Interest Up 386.6% in May
by Teresa Graham · The Cerbat GemGeberit AG (OTCMKTS:GBERY – Get Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 2,983 shares, a growth of 386.6% from the April 30th total of 613 shares. Based on an average daily trading volume, of 25,688 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
Geberit Stock Down 0.3%
Shares of OTCMKTS:GBERY traded down $0.22 during trading on Thursday, reaching $64.37. The stock had a trading volume of 22,050 shares, compared to its average volume of 13,786. Geberit has a 52 week low of $62.49 and a 52 week high of $84.91. The firm has a market capitalization of $21.84 billion and a price-to-earnings ratio of 52.67. The stock has a fifty day simple moving average of $67.18 and a two-hundred day simple moving average of $74.36.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Geberit to a “hold” rating in a report on Wednesday, May 13th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.
Check Out Our Latest Stock Report on GBERY
About Geberit
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.