Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY) Sees Significant Increase in Short Interest

Key Points

• Short interest surged 331.4% in Colruyt’s unsponsored ADR, reaching 755 shares as of October 15, up from 175 shares on September 30. Short interest remains 0.0% of shares outstanding, with a short-interest ratio of 1.8 days.
• CUYTY opened at $10.37, compared with a 1-year range of $9.32 to $11.52. Its 50-day and 200-day moving averages were $10.79 and $10.07, respectively.
• Analyst sentiment is generally negative: one analyst rates the stock Buy, three Hold, and two Sell, producing an overall MarketBeat rating of “Reduce.”

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY - Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 755 shares, a growth of 331.4% from the September 30th total of 175 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 420 shares, the short-interest ratio is currently 1.8 days.

Colruyt Price Performance

Shares of CUYTY stock opened at $10.37 on Wednesday. Colruyt has a 1-year low of $9.32 and a 1-year high of $11.52. The stock has a 50 day simple moving average of $10.79 and a 200-day simple moving average of $10.07.

Wall Street Analyst Weigh In

CUYTY has been the subject of several research analyst reports. Zacks Research downgraded Colruyt from a "strong-buy" rating to a "hold" rating in a report on Monday, August 17th. UBS Group lowered Colruyt from a "buy" rating to a "sell" rating in a research report on Monday, October 5th. Finally, Royal Bank Of Canada assumed coverage on shares of Colruyt in a report on Monday, July 6th. They issued a "hold" rating on the stock. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Reduce".

Colruyt Company Profile

Colruyt Group NV is a Belgian retail and wholesale company best known for its Colruyt Lowest Prices supermarket chain. The group sells food, household products and other everyday consumer goods through a network of supermarkets and specialty stores, as well as through online channels. Its retail portfolio has also included the OKay and Bio-Planet supermarket formats and businesses focused on toys and baby products.

In addition to food retail, Colruyt Group operates wholesale and food-service activities, supplying independent retailers, professional customers and hospitality businesses.

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