Coats Group plc (OTCMKTS:CGGGF) Sees Large Decline in Short Interest

Coats Group plc (OTCMKTS:CGGGF) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 100 shares, a decline of 99.8% from the December 31st total of 54,200 shares. Based on an average daily volume of 8,100 shares, the short-interest ratio is presently 0.0 days.

Coats Group Stock Performance

Shares of CGGGF stock remained flat at $1.13 on Tuesday. Coats Group has a 1-year low of $0.83 and a 1-year high of $1.35. The firm’s 50 day simple moving average is $1.18 and its 200-day simple moving average is $1.21.

Coats Group Company Profile

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.