Short Interest in Compass Group PLC (OTCMKTS:CMPGY) Declines By 86.7%

Compass Group PLC (OTCMKTS:CMPGY) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 15,708 shares, a drop of 86.7% from the August 15th total of 117,851 shares. Based on an average daily trading volume, of 417,317 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Compass Point set a $36.00 price target on Compass Group in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Compass Group presently has a consensus rating of “Strong Buy” and an average target price of $36.00.

Compass Group Stock Performance

CMPGY stock opened at $30.89 on Friday. Compass Group has a fifty-two week low of $26.95 and a fifty-two week high of $35.94. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 0.86. The business’s fifty day moving average price is $31.55 and its two-hundred day moving average price is $30.89.

Compass Group Company Profile

Compass Group plc is a United Kingdom-based provider of food services and support services. The company designs, manages and delivers dining programs for organizations and institutions, including contract catering, workplace dining, food and beverage services, and hospitality operations.

Its services are provided across multiple end markets, including business and industry, healthcare, education, sports and leisure, defense, and remote-site operations. Compass Group serves clients through brands and operating businesses such as Eurest, Chartwells, Canteen, Levy and Restaurant Associates, offering services that range from everyday meal programs to event catering and facility-support solutions.

Founded in the United Kingdom in 1941, Compass Group has expanded into an international business serving customers across North America, Europe, Asia-Pacific and other global markets.