Short Interest in Cap Gemini SA (OTCMKTS:CGEMY) Grows By 302.5%

Cap Gemini SA (OTCMKTS:CGEMY) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 29,519 shares, a growth of 302.5% from the May 31st total of 7,334 shares. Based on an average trading volume of 688,660 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Cap Gemini Price Performance

Shares of OTCMKTS:CGEMY opened at $20.40 on Monday. The firm’s 50 day simple moving average is $23.21 and its 200-day simple moving average is $26.52. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.64. Cap Gemini has a one year low of $19.77 and a one year high of $35.90.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Zacks Research downgraded Cap Gemini from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cap Gemini in a research report on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cap Gemini presently has a consensus rating of “Hold”.

About Cap Gemini

Cap Gemini (OTCMKTS: CGEMY), commonly known as Capgemini, is a global professional services and consulting firm that provides technology-led business transformation services. The company’s core activities include management and IT consulting, systems integration, application development and maintenance, cloud migration and managed services. Capgemini delivers solutions across the digital value chain, combining strategy, design, engineering and operations to help clients modernize legacy systems, implement cloud platforms, deploy data and AI capabilities, and secure IT environments.

Founded in 1967 by Serge Kampf and headquartered in Paris, Capgemini has grown through organic expansion and strategic acquisitions to broaden its capabilities and geographic footprint.