Cap Gemini SA (OTCMKTS:CGEMY) Short Interest Down 74.3% in May

Cap Gemini SA (OTCMKTS:CGEMY) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 7,334 shares, a drop of 74.3% from the May 14th total of 28,524 shares. Based on an average daily trading volume, of 728,909 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Cap Gemini Trading Down 0.2%

OTCMKTS:CGEMY traded down $0.05 during mid-day trading on Friday, hitting $22.33. The company’s stock had a trading volume of 239,108 shares, compared to its average volume of 337,466. Cap Gemini has a fifty-two week low of $21.54 and a fifty-two week high of $35.90. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a fifty day moving average of $23.87 and a 200-day moving average of $27.36.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Zacks Research cut shares of Cap Gemini from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cap Gemini in a research report on Tuesday, June 2nd. Finally, Citigroup reissued a “buy” rating on shares of Cap Gemini in a research report on Tuesday, February 17th. 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 stock. According to data from MarketBeat, the stock 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.