Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY - Get Free Report) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 79,100 shares, a decline of 48.4% from the February 28th total of 153,200 shares. Based on an average trading volume of 1,258,100 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.
Wall Street Analyst Weigh In
Separately, Hsbc Global Res raised Compagnie Générale des Établissements Michelin Société en commandite par actions from a "hold" rating to a "strong-buy" rating in a report on Friday.
Check Out Our Latest Stock Analysis on MGDDY
Compagnie Générale des Établissements Michelin Société en commandite par actions Stock Performance
Shares of Compagnie Générale des Établissements Michelin Société en commandite par actions stock traded up $0.18 during mid-day trading on Tuesday, reaching $17.70. 576,654 shares of the stock traded hands, compared to its average volume of 1,013,201. The business has a 50-day moving average of $17.73 and a 200 day moving average of $17.54. Compagnie Générale des Établissements Michelin Société en commandite par actions has a fifty-two week low of $15.70 and a fifty-two week high of $20.86. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.82 and a quick ratio of 1.11.
About Compagnie Générale des Établissements Michelin Société en commandite par actions
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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.
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