Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Sees Significant Drop in Short Interest

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 49,700 shares, a decrease of 37.2% from the March 15th total of 79,100 shares. Based on an average daily trading volume, of 233,700 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Compagnie Générale des Établissements Michelin Société en commandite par actions Stock Up 1.7 %

OTCMKTS MGDDY traded up $0.28 on Thursday, reaching $17.17. 107,864 shares of the company were exchanged, compared to its average volume of 887,804. Compagnie Générale des Établissements Michelin Société en commandite par actions has a fifty-two week low of $15.70 and a fifty-two week high of $20.86. The business’s fifty day moving average price is $17.60 and its 200 day moving average price is $17.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.11 and a current ratio of 1.82.

Analyst Upgrades and Downgrades

Separately, Hsbc Global Res upgraded shares of Compagnie Générale des Établissements Michelin Société en commandite par actions from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 28th.

About Compagnie Générale des Établissements Michelin Société en commandite par actions

Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services. The company operates through the following segments: Passenger car and Light truck tires and related distribution, Truck tires and related distribution, and Specialty businesses.