Michelin (OTCMKTS:MGDDY) Short Interest Update

by · The Cerbat Gem

Michelin (OTCMKTS:MGDDY – Get Free Report) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 230,813 shares, a growth of 41.8% from the January 29th total of 162,778 shares. Based on an average daily volume of 258,462 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 258,462 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Ratings Changes

MGDDY has been the subject of a number of recent analyst reports. Citigroup restated a “buy” rating on shares of Michelin in a research report on Thursday, January 29th. Morgan Stanley restated an “equal weight” rating on shares of Michelin in a research report on Tuesday, December 2nd. Zacks Research upgraded Michelin from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. Berenberg Bank started coverage on Michelin in a research report on Tuesday, January 13th. They set a “hold” rating for the company. Finally, UBS Group cut shares of Michelin from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Michelin currently has an average rating of “Moderate Buy”.

Check Out Our Latest Analysis on MGDDY

Michelin Price Performance

Shares of OTCMKTS MGDDY traded down $0.73 during trading hours on Tuesday, reaching $18.47. 95,379 shares of the stock traded hands, compared to its average volume of 148,613. The company’s 50-day simple moving average is $18.40 and its two-hundred day simple moving average is $17.54. Michelin has a 52-week low of $14.82 and a 52-week high of $20.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.12 and a current ratio of 1.80.

Michelin Company Profile

(Get Free Report)

Michelin (OTCMKTS: MGDDY) is a French multinational tire manufacturer founded in 1889 and headquartered in Clermont-Ferrand, France. Over more than a century the company has grown into one of the world’s leading tiremakers, serving passenger car, truck, motorcycle, bicycle, agricultural, construction and aviation markets. Michelin has a global footprint with manufacturing facilities, research centers and commercial operations across multiple regions to supply OEMs, replacement markets and large commercial fleets.

The company’s core business is the design, manufacture and sale of tires and related products.

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