Short Interest in Coats Group plc (OTCMKTS:CGGGF) Increases By 8.7%

Coats Group plc (OTCMKTS:CGGGF) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 58,900 shares, an increase of 8.7% from the September 15th total of 54,200 shares. Based on an average trading volume of 7,900 shares, the short-interest ratio is currently 7.5 days.

Coats Group Price Performance

CGGGF stock opened at $1.33 on Thursday. The firm has a 50-day moving average price of $1.29 and a 200-day moving average price of $1.14. Coats Group has a 12 month low of $0.83 and a 12 month high of $1.35.

About Coats Group

Coats Group plc, together with its subsidiaries, manufactures and supplies industrial sewing threads worldwide. The company provides threads, yarns, zips, trims, composites, and fabrics for use in apparel, such as children's wear, denims, intimate and underwear, ladieswear, leather wear, menswear, sports and activewear, and workwear & uniforms; handbags, luggage, bags, and fashion accessories; dress and casual, protective, and sports footwear; home textiles, mattress and beddings, outdoor goods, and sporting goods; cut protection, fire services, healthcare PPE, industrial thermal, and military purposes; automotive, marine, and tyre cord applications; telecoms and energy cables; and tea bags, and medical and filtration purpose.