Short Interest in Publicis Groupe SA (OTCMKTS:PUBGY) Declines By 97.5%

Key Points

• Short interest in Publicis plunged by 97.5% to 31,429 shares as of April 15, leaving 0.0% of shares short and a days-to-cover ratio of 0.0.
• Analyst views are mixed but the consensus is Buy; Citigroup upgraded to a strong-buy while Barclays downgraded to hold, leaving two Strong Buy ratings and one Hold.
• Shares traded at $22.77 mid-day on light volume, sitting above the 50-day SMA ($21.59) but below the 200-day SMA ($23.79), with a 12-month range of $19.72–$28.73.

Publicis Groupe SA (OTCMKTS:PUBGY - Get Free Report) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 31,429 shares, a decrease of 97.5% from the March 31st total of 1,279,626 shares. Based on an average daily trading volume, of 789,739 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Barclays lowered shares of Publicis Groupe from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 4th. Citigroup upgraded Publicis Groupe to a "strong-buy" rating in a research report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Publicis Groupe presently has a consensus rating of "Buy".

Publicis Groupe Stock Performance

Shares of PUBGY stock traded up $0.26 during mid-day trading on Friday, reaching $22.77. The stock had a trading volume of 109,493 shares, compared to its average volume of 281,471. Publicis Groupe has a 12-month low of $19.72 and a 12-month high of $28.73. The business has a 50-day simple moving average of $21.59 and a 200 day simple moving average of $23.79. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30.

About Publicis Groupe

Publicis Groupe OTCMKTS: PUBGY is a global advertising and communications holding company headquartered in Paris, France. Founded in 1926 by Marcel Bleustein-Blanchet, the company has grown into one of the world's largest marketing, communication and digital transformation groups. Publicis provides a wide range of marketing services including creative advertising, media planning and buying, public relations, brand strategy, healthcare communications and experiential marketing.

In recent decades Publicis has expanded its capabilities into digital, data and technology-driven services through its network brands and acquisitions.

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