Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Sees Significant Decline in Short Interest

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) was the recipient of a significant 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.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MGDDY. Citigroup raised Compagnie Générale des Établissements Michelin Société en commandite par actions to a “strong-buy” rating in a research report on Thursday, September 26th. HSBC lowered Compagnie Générale des Établissements Michelin Société en commandite par actions from a “buy” rating to a “hold” rating in a report on Thursday, October 24th.

Compagnie Générale des Établissements Michelin Société en commandite par actions Stock Up 1.4 %

MGDDY opened at $17.16 on Friday. The firm’s fifty day simple moving average is $17.08 and its two-hundred day simple moving average is $18.69. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 52-week low of $15.81 and a 52-week high of $20.86. The company has a quick ratio of 1.11, a current ratio of 1.82 and a debt-to-equity ratio of 0.04.

About Compagnie Générale des Établissements Michelin Société en commandite par actions

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.