Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Sees Large Decline in Short Interest

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY - Get Free Report) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totalling 58,500 shares, a decrease of 30.9% from the April 30th total of 84,700 shares. Based on an average daily volume of 202,600 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Hsbc Global Res upgraded shares of 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.

Compagnie Générale des Établissements Michelin Société en commandite par actions Stock Performance

Shares of OTCMKTS:MGDDY traded down $0.17 on Thursday, reaching $18.50. 238,466 shares of the company's stock were exchanged, compared to its average volume of 671,393. The company has a fifty day moving average of $18.04 and a 200-day moving average of $17.44. Compagnie Générale des Établissements Michelin Société en commandite par actions has a twelve month low of $15.70 and a twelve month high of $20.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.11 and a current ratio of 1.82.

Compagnie Générale des Établissements Michelin Société en commandite par actions Company Profile

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.