Geberit AG (OTCMKTS:GBERY) Shares Shorted: Short Interest Down 80.7% in October

Geberit AG (OTCMKTS:GBERY) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 4,005 shares, a decline of 80.7% from the September 30th total of 20,737 shares. Based on an average trading volume of 59,017 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GBERY shares. Citigroup reiterated a “neutral” rating on shares of Geberit in a research note on Monday, August 24th. Morgan Stanley restated an “underweight” rating on shares of Geberit in a research note on Thursday, July 2nd. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Geberit has an average rating of “Reduce”.

Geberit Price Performance

GBERY stock opened at $68.68 on Tuesday. Geberit has a twelve month low of $61.41 and a twelve month high of $84.91. The firm has a 50 day simple moving average of $67.29 and a 200-day simple moving average of $69.46.

About Geberit

Geberit AG is a Switzerland-based manufacturer of sanitary products and systems for residential, commercial and public buildings. The company develops solutions designed to manage water use, drainage and bathroom installations, serving professional customers such as plumbers, architects, developers and distributors.

Its product portfolio includes concealed cisterns and installation systems, drainage and supply piping systems, bathroom ceramics, faucets, shower solutions and other bathroom products.