Fluidra, S.A. (OTCMKTS:FLUIF) Short Interest Down 29.7% in August

Fluidra, S.A. (OTCMKTS:FLUIF) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 31,000 shares, a decline of 29.7% from the August 15th total of 44,100 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 310.0 days.

Shares of FLUIF stock remained flat at $$42.06 on Tuesday. Fluidra has a 12 month low of $16.55 and a 12 month high of $43.25. The firm has a 50 day simple moving average of $42.06 and a 200-day simple moving average of $35.73.

A number of brokerages have recently issued reports on FLUIF. Citigroup reiterated a “buy” rating on shares of Fluidra in a report on Wednesday, August 4th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Fluidra in a report on Friday, September 3rd. HSBC cut Fluidra from a “buy” rating to a “hold” rating in a report on Friday, June 25th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Fluidra in a report on Friday, August 13th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Fluidra currently has an average rating of “Buy”.

About Fluidra

Fluidra, SA, together with its subsidiaries, manufactures and markets accessories and machineries for swimming pools, irrigation, and water treatment and purification fir private and public customers worldwide. The company designs, manufactures, and distributes various components required for the construction, refurbishment, improvement, and maintenance of residential and commercial pools.

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