Publicis Groupe SA (OTCMKTS:PUBGY) Sees Significant Growth in Short Interest

Publicis Groupe SA (OTCMKTS:PUBGY) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 1,722,453 shares, a growth of 267.5% from the April 30th total of 468,645 shares. Based on an average trading volume of 607,131 shares, the short-interest ratio is currently 2.8 days. Approximately 0.2% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Barclays downgraded shares of Publicis Groupe from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Publicis Groupe has an average rating of “Buy”.

Publicis Groupe Trading Up 1.6%

PUBGY traded up $0.38 during trading on Friday, hitting $24.55. The company’s stock had a trading volume of 137,579 shares, compared to its average volume of 292,972. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.30. Publicis Groupe has a one year low of $19.72 and a one year high of $28.73. The business’s 50 day simple moving average is $22.53 and its 200-day simple moving average is $23.58.

Publicis Groupe Company Profile

Publicis Groupe (OTCMKTS:PUBGY) is a global advertising and communications holding company headquartered in Paris, France. Founded in 1926 by Marcel Bleustein-Blanchet, the company has grown into one of the world’s largest marketing, communication and digital transformation groups. Publicis provides a wide range of marketing services including creative advertising, media planning and buying, public relations, brand strategy, healthcare communications and experiential marketing.

In recent decades Publicis has expanded its capabilities into digital, data and technology-driven services through its network brands and acquisitions.