Short Interest in Geberit AG (OTCMKTS:GBERY) Declines By 83.9%

Geberit AG (OTCMKTS:GBERY) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 613 shares, a decrease of 83.9% from the April 15th total of 3,809 shares. Based on an average daily volume of 24,253 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reaffirmed an “underweight” rating on shares of Geberit in a research note on Friday, January 23rd. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

Geberit Price Performance

GBERY traded down $2.39 during midday trading on Tuesday, reaching $65.84. The company’s stock had a trading volume of 435 shares, compared to its average volume of 12,942. Geberit has a 1 year low of $65.29 and a 1 year high of $84.91. The stock’s 50-day moving average is $69.80 and its 200-day moving average is $75.30.

Geberit Company Profile

Geberit AG is a Swiss-based manufacturer specializing in sanitary products and systems for residential, commercial and industrial applications. Headquartered in Rapperswil-Jona, Switzerland, the company develops and supplies installation systems, bathroom ceramics, faucets and piping solutions. Its product range encompasses concealed cisterns, flush plates, wall-hung toilets, washbasins, shower trays and underfloor heating systems, complemented by digital bathroom controls and smart water management technologies.

Founded in 1874, Geberit evolved from a regional metalworking business into a global market leader in sanitary technology.