Short Interest in Geberit AG (OTCMKTS:GBERY) Drops By 48.1%

Geberit AG (OTCMKTS:GBERY) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 5,400 shares, a decline of 48.1% from the March 15th total of 10,400 shares. Based on an average daily volume of 9,900 shares, the days-to-cover ratio is presently 0.5 days.

Geberit Price Performance

GBERY stock traded down $0.18 during mid-day trading on Wednesday, reaching $67.60. The company had a trading volume of 4,471 shares, compared to its average volume of 11,144. The firm has a 50 day moving average of $62.20 and a 200 day moving average of $59.95. Geberit has a 12 month low of $52.36 and a 12 month high of $68.84.

Geberit Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, April 24th will be issued a $0.873 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a dividend yield of 1.29%. This is a positive change from Geberit’s previous dividend of $0.86. Geberit’s payout ratio is currently 35.40%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Morgan Stanley reiterated an “underweight” rating on shares of Geberit in a report on Friday, March 7th. Barclays restated an “underweight” rating on shares of Geberit in a research report on Friday, March 7th.

About Geberit

Geberit AG develops, produces, and distributes sanitary products and systems for the residential and commercial construction industry in Switzerland and internationally. The company offers installation and flushing systems, such as installation technology and flushing systems for toilets, including cisterns and fittings; and piping systems consisting of building drainage and supply systems, as well as piping technology for use in buildings for drinking water, heating, gas, and other media.