Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Short Interest Update

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 58,600 shares, a decrease of 37.3% from the November 15th total of 93,500 shares. Based on an average daily volume of 540,100 shares, the days-to-cover ratio is currently 0.1 days.

Compagnie Générale des Établissements Michelin Société en commandite par actions Stock Performance

Shares of MGDDY opened at $17.16 on Friday. The business has a 50-day moving average of $17.08 and a 200 day moving average of $18.69. Compagnie Générale des Établissements Michelin Société en commandite par actions has a fifty-two week low of $15.81 and a fifty-two week high of $20.86. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.82 and a quick ratio of 1.11.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MGDDY shares. HSBC lowered Compagnie Générale des Établissements Michelin Société en commandite par actions from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Citigroup raised Compagnie Générale des Établissements Michelin Société en commandite par actions to a “strong-buy” rating in a research report on Thursday, September 26th.

About Compagnie Générale des Établissements Michelin Société en commandite par actions

Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services. The company operates through the following segments: Passenger car and Light truck tires and related distribution, Truck tires and related distribution, and Specialty businesses.