Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Short Interest Down 34.0% in August

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 117,500 shares, a decrease 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.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded 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.

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

Shares of OTCMKTS:MGDDY traded up $0.19 during trading hours on Monday, hitting $20.13. 72,815 shares of the company’s stock traded hands, compared to its average volume of 136,690. The company’s fifty day simple moving average is $19.26 and its two-hundred day simple moving average is $19.33. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.11 and a current ratio of 1.82. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 52 week low of $14.11 and a 52 week high of $20.82.

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.