Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Short Interest Up 207.9% in May

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY – Get Rating) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totalling 113,600 shares, an increase of 207.9% from the April 30th total of 36,900 shares. Based on an average daily volume of 215,800 shares, the days-to-cover ratio is presently 0.5 days.

Compagnie Générale des Établissements Michelin Société en commandite par actions Trading Down 0.2 %

MGDDY traded down $0.03 during mid-day trading on Thursday, reaching $14.56. 142,830 shares of the company traded hands, compared to its average volume of 152,519. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.67 and a quick ratio of 0.97. The company’s fifty day moving average price is $15.38 and its 200-day moving average price is $15.03. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 52-week low of $10.65 and a 52-week high of $16.59.

Analyst Ratings Changes

A number of brokerages have recently commented on MGDDY. HSBC cut Compagnie Générale des Établissements Michelin Société en commandite par actions from a “buy” rating to a “hold” rating in a research report on Wednesday, February 15th. The Goldman Sachs Group upgraded shares of Compagnie Générale des Établissements Michelin Société en commandite par actions from a “neutral” rating to a “buy” rating in a report on Monday, February 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Compagnie Générale des Établissements Michelin Société en commandite par actions currently has a consensus rating of “Hold” and a consensus price target of $32.00.

Compagnie Générale des Établissements Michelin Société en commandite par actions Company Profile

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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.