Short Interest in Michelin (OTCMKTS:MGDDY) Drops By 36.9%

Posted by Alphonse Anthony on May 19th, 2026

Michelin (OTCMKTS:MGDDY – Get Free Report) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 53,897 shares, a decline of 36.9% from the April 15th total of 85,421 shares. Based on an average trading volume of 289,347 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

MGDDY has been the subject of several analyst reports. Zacks Research downgraded shares of Michelin from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Citigroup reaffirmed a “buy” rating on shares of Michelin in a report on Thursday, January 29th. Finally, Barclays raised shares of Michelin from an “underweight” rating to an “equal weight” rating in a report on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

View Our Latest Stock Report on Michelin

Michelin Trading Down 5.6%

MGDDY stock traded down $1.07 during trading on Tuesday, hitting $17.86. The company had a trading volume of 84,229 shares, compared to its average volume of 155,070. The business has a 50 day moving average of $17.81 and a 200 day moving average of $17.61. Michelin has a fifty-two week low of $14.82 and a fifty-two week high of $20.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.22 and a current ratio of 1.90.

Michelin Company Profile

(Get Free Report)

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.