Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY - Get Free Report) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 174,400 shares, an increase of 198.1% from the May 15th total of 58,500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 405,400 shares, the short-interest ratio is presently 0.4 days.
Wall Street Analysts Forecast Growth
Separately, Hsbc Global Res upgraded Compagnie Générale des Établissements Michelin Société en commandite par actions from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 28th.
View Our Latest Research Report on MGDDY
Compagnie Générale des Établissements Michelin Société en commandite par actions Stock Down 2.0%
Shares of Compagnie Générale des Établissements Michelin Société en commandite par actions stock traded down $0.37 during midday trading on Friday, hitting $18.54. 569,258 shares of the company traded hands, compared to its average volume of 654,867. The firm's fifty day moving average price is $18.22 and its 200-day moving average price is $17.54. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 12 month low of $15.70 and a 12 month high of $20.86. The company has a current ratio of 1.82, a quick ratio of 1.11 and a debt-to-equity ratio of 0.04.
Compagnie Générale des Établissements Michelin Société en commandite par actions Company Profile
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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.
Further Reading
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