Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Short Interest Update

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 58,600 shares, a decline of 37.3% from the November 15th total of 93,500 shares. Based on an average daily volume of 540,100 shares, the days-to-cover ratio is presently 0.1 days.

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

MGDDY traded up $0.23 during mid-day trading on Friday, reaching $17.16. 110,995 shares of the stock were exchanged, compared to its average volume of 150,520. 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 company has a 50 day moving average price of $17.08 and a two-hundred day moving average price of $18.69. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 1 year low of $15.81 and a 1 year high of $20.86.

Analyst Ratings Changes

A number of brokerages recently commented on MGDDY. HSBC lowered shares of Compagnie Générale des Établissements Michelin Société en commandite par actions from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Citigroup upgraded shares of Compagnie Générale des Établissements Michelin Société en commandite par actions to a “strong-buy” rating in a research report on Thursday, September 26th.

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.