Geberit AG (OTCMKTS:GBERF) Sees Large Drop in Short Interest

Geberit AG (OTCMKTS:GBERF) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 258,000 shares, a drop of 14.4% from the February 28th total of 301,300 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 2,580.0 days.

Geberit Stock Performance

Shares of Geberit stock opened at $627.39 on Thursday. The business has a 50-day moving average of $592.91 and a two-hundred day moving average of $595.61. Geberit has a 1 year low of $503.56 and a 1 year high of $670.00.

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.