Short Interest in Publicis Groupe SA (OTCMKTS:PUBGY) Decreases By 38.8%

Publicis Groupe SA (OTCMKTS:PUBGY) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1,054,943 shares, a decrease of 38.8% from the May 14th total of 1,722,453 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 410,533 shares, the short-interest ratio is presently 2.6 days.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PUBGY shares. The Goldman Sachs Group raised Publicis Groupe to a “strong-buy” rating in a research report on Wednesday, June 3rd. Berenberg Bank raised Publicis Groupe to a “strong-buy” rating in a research note on Tuesday, June 9th. Four equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Publicis Groupe has an average rating of “Strong Buy”.

Publicis Groupe Price Performance

Shares of Publicis Groupe stock traded up $0.13 during trading on Wednesday, hitting $26.88. 6,688 shares of the company’s stock traded hands, compared to its average volume of 296,204. Publicis Groupe has a 1 year low of $19.72 and a 1 year high of $27.85. The business has a 50-day simple moving average of $23.77 and a 200-day simple moving average of $23.66. 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.