GEA Group AG (OTCMKTS:GEAGF) Sees Significant Increase in Short Interest

GEA Group AG (OTCMKTS:GEAGF) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 102,760 shares, a growth of 96.2% from the June 30th total of 52,377 shares. Based on an average trading volume of 772 shares, the days-to-cover ratio is presently 133.1 days. Approximately 0.1% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research raised GEA Group to a “hold” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

GEA Group Price Performance

Shares of GEAGF opened at $68.95 on Thursday. The company has a market capitalization of $11.23 billion, a P/E ratio of 28.49 and a beta of 0.21. GEA Group has a one year low of $63.21 and a one year high of $78.65. The business’s 50 day simple moving average is $64.55 and its 200-day simple moving average is $70.25. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.11 and a quick ratio of 0.76.

GEA Group Company Profile

GEA Group AG is a Germany-based provider of process technology and engineering solutions for a wide range of industries, including food and beverage, pharmaceutical, chemical and petroleum. The company specializes in the design, manufacture and installation of equipment and systems that support processes such as heating, cooling, mixing, separation, evaporation and transportation of liquids and powders. Its product portfolio spans centrifuges, separators, heat exchangers, pasteurizers, homogenizers, filtration and membrane systems, as well as advanced automation and digitalization tools to optimize plant performance and ensure product safety.

With origins dating back to the late 19th century, GEA has evolved from a regional metal trading enterprise into a global technology group.