Compagnie de Saint-Gobain - Unsponsored ADR (OTCMKTS:CODYY) Sees Large Growth in Short Interest

Key Points

• Compagnie de Saint-Gobain's short interest rose dramatically by 93.4% in September, reaching a total of 91,300 shares compared to 47,200 shares at the end of August, indicating increased market speculation.
• The company's stock saw a slight increase of 0.9% on a recent trading day, closing at $22.18, with an average trading volume of 301,426 shares.
• Analysts have varied ratings on CODYY, with DZ Bank upgrading it to a "strong-buy" while Zacks Research downgraded it to "hold"; the overall average rating is "Moderate Buy."

Compagnie de Saint-Gobain - Unsponsored ADR (OTCMKTS:CODYY - Get Free Report) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 91,300 shares, an increase of 93.4% from the August 31st total of 47,200 shares. Based on an average daily trading volume, of 372,900 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 372,900 shares, the short-interest ratio is currently 0.2 days.

Compagnie de Saint-Gobain Stock Up 0.9%

CODYY traded up $0.20 during trading on Friday, reaching $22.18. 108,833 shares of the company were exchanged, compared to its average volume of 301,426. The company's 50-day moving average is $22.15 and its two-hundred day moving average is $21.99. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.87 and a current ratio of 1.31. Compagnie de Saint-Gobain has a 12-month low of $16.66 and a 12-month high of $24.52.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CODYY. DZ Bank raised Compagnie de Saint-Gobain from a "strong sell" rating to a "strong-buy" rating in a research report on Friday, August 8th. Zacks Research cut Compagnie de Saint-Gobain from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Finally, The Goldman Sachs Group raised Compagnie de Saint-Gobain to a "hold" rating in a research report on Tuesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy".

About Compagnie de Saint-Gobain

Compagnie de Saint-Gobain SA designs, manufactures, and distributes materials and solutions for the construction and industrial markets worldwide. It operates through five segments: High Performance Solutions; Northern Europe; Southern Europe Middle East (ME) & Africa; Americas; and Asia-Pacific.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.