Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY – Get Free Report) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 82,350 shares, a drop of 65.5% from the June 15th total of 238,858 shares. Based on an average daily trading volume, of 267,619 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.
Sodexo Stock Performance
Shares of SDXAY traded down $0.05 during mid-day trading on Tuesday, hitting $11.75. 77,144 shares of the company traded hands, compared to its average volume of 216,578. Sodexo has a 1-year low of $9.08 and a 1-year high of $13.22. The business has a 50 day moving average of $11.30 and a 200 day moving average of $10.67.
Wall Street Analyst Weigh In
Several research analysts recently commented on SDXAY shares. Citigroup reiterated a “neutral” rating on shares of Sodexo in a research note on Tuesday. Jefferies Financial Group upgraded shares of Sodexo from a “hold” rating to a “buy” rating in a research note on Monday, March 30th. Morgan Stanley reaffirmed an “underweight” rating on shares of Sodexo in a report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sodexo in a research report on Friday, July 3rd. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.
About Sodexo
Sodexo is a global provider of integrated facilities management and food services, offering a wide range of solutions designed to enhance quality of life for clients across corporate, education, healthcare, remote site and sports & leisure markets. The company’s core activities include workplace dining and catering, reception and concierge services, cleaning and technical maintenance, security, grounds maintenance, and energy management. Sodexo partners with organizations to streamline operations, improve employee engagement and well-being, and ensure safe, sustainable environments.
Founded in 1966 by Pierre Bellon in Marseille, France, Sodexo has grown through both organic expansion and strategic acquisitions.
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