Geberit AG (OTCMKTS:GBERY) Sees Large Decline in Short Interest

Geberit AG (OTCMKTS:GBERY) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,400 shares, a drop of 51.7% from the February 13th total of 2,900 shares. Based on an average trading volume of 14,300 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GBERY shares. Morgan Stanley reaffirmed an “underweight” rating on shares of Geberit in a research note on Friday, March 7th. Barclays reaffirmed an “underweight” rating on shares of Geberit in a research note on Friday, March 7th.

Geberit Price Performance

OTCMKTS GBERY traded up $0.34 during mid-day trading on Friday, reaching $66.45. 3,429 shares of the stock were exchanged, compared to its average volume of 10,798. Geberit has a one year low of $52.36 and a one year high of $67.22. The stock has a 50 day simple moving average of $58.06 and a 200-day simple moving average of $59.92.

About Geberit

Geberit AG develops, produces, and distributes sanitary products and systems for the residential and commercial construction industry in Switzerland and internationally. The company offers installation and flushing systems, such as installation technology and flushing systems for toilets, including cisterns and fittings; and piping systems consisting of building drainage and supply systems, as well as piping technology for use in buildings for drinking water, heating, gas, and other media.