Short Interest in Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Declines By 34.0%

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 117,500 shares, a drop of 34.0% from the August 15th total of 178,100 shares. Based on an average trading volume of 162,700 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded Compagnie Générale des Établissements Michelin Société en commandite par actions from an “underperform” rating to a “hold” rating in a report on Thursday, July 25th.

Compagnie Générale des Établissements Michelin Société en commandite par actions Trading Up 1.0 %

Shares of Compagnie Générale des Établissements Michelin Société en commandite par actions stock traded up $0.19 during trading on Monday, hitting $20.13. 72,815 shares of the stock were exchanged, compared to its average volume of 136,690. The company has a quick ratio of 1.11, a current ratio of 1.82 and a debt-to-equity ratio of 0.04. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 12 month low of $14.11 and a 12 month high of $20.82. The stock’s fifty day moving average is $19.26 and its 200 day moving average is $19.33.

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.