Michelin (OTCMKTS:MGDDY) Short Interest Up 99.4% in August

Posted by Wayne Rhoads on Aug 30th, 2026

Michelin (OTCMKTS:MGDDY – Get Free Report) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 160,287 shares, an increase of 99.4% from the July 30th total of 80,387 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 335,848 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Citigroup reiterated a “buy” rating on shares of Michelin in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Michelin in a research note on Tuesday, July 28th. Finally, Zacks Research upgraded Michelin from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

View Our Latest Analysis on Michelin

Michelin Price Performance

Shares of OTCMKTS MGDDY opened at $20.06 on Friday. The business’s fifty day moving average price is $19.75 and its two-hundred day moving average price is $18.85. Michelin has a 1-year low of $14.82 and a 1-year high of $20.57. The company has a quick ratio of 1.22, a current ratio of 1.90 and a debt-to-equity ratio of 0.04.

About Michelin

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Michelin (OTCMKTS: MGDDY) is a French multinational tire manufacturer founded in 1889 and headquartered in Clermont-Ferrand, France. Over more than a century the company has grown into one of the world’s leading tiremakers, serving passenger car, truck, motorcycle, bicycle, agricultural, construction and aviation markets. Michelin has a global footprint with manufacturing facilities, research centers and commercial operations across multiple regions to supply OEMs, replacement markets and large commercial fleets.

The company’s core business is the design, manufacture and sale of tires and related products.