Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Short Interest Up 21.6% in September

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 142,900 shares, a growth of 21.6% from the August 31st total of 117,500 shares. Based on an average daily volume of 310,100 shares, the days-to-cover ratio is presently 0.5 days.

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

MGDDY stock traded down $0.37 during trading on Monday, hitting $20.30. The company had a trading volume of 52,787 shares, compared to its average volume of 133,515. The company has a fifty day moving average price of $19.53 and a two-hundred day moving average price of $19.45. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.82 and a quick ratio of 1.11. Compagnie Générale des Établissements Michelin Société en commandite par actions has a fifty-two week low of $14.11 and a fifty-two week high of $20.86.

Wall Street Analyst Weigh In

MGDDY has been the topic of a number of research analyst reports. Jefferies Financial Group raised Compagnie Générale des Établissements Michelin Société en commandite par actions from an “underperform” rating to a “hold” rating in a report on Thursday, July 25th. Citigroup upgraded Compagnie Générale des Établissements Michelin Société en commandite par actions to a “strong-buy” rating in a report on Thursday.

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

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.