Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Sees Large Decline in Short Interest

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 117,500 shares, a decline of 34.0% from the August 15th total of 178,100 shares. Based on an average daily volume of 162,700 shares, the short-interest ratio is presently 0.7 days.

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

OTCMKTS MGDDY traded up $0.19 on Monday, reaching $20.13. The company’s stock had a trading volume of 73,873 shares, compared to its average volume of 136,690. Compagnie Générale des Établissements Michelin Société en commandite par actions has a twelve month low of $14.11 and a twelve month high of $20.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.82 and a quick ratio of 1.11. The firm’s 50 day moving average is $19.23 and its two-hundred day moving average is $19.32.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded shares of Compagnie Générale des Établissements Michelin Société en commandite par actions from an “underperform” rating to a “hold” rating in a research note on Thursday, July 25th.

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.