Short Interest in Sodexo S.A. (OTCMKTS:SDXAY) Rises By 2,405.3%

Sodexo S.A. (OTCMKTS:SDXAY - Get Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 47,600 shares, an increase of 2,405.3% from the September 30th total of 1,900 shares. Based on an average daily volume of 141,000 shares, the short-interest ratio is presently 0.3 days.

Sodexo Stock Performance

Shares of SDXAY stock traded down $0.24 on Friday, reaching $17.37. The company had a trading volume of 18,446 shares, compared to its average volume of 34,110. The company has a 50-day moving average of $17.45 and a 200-day moving average of $17.80. Sodexo has a 12 month low of $15.97 and a 12 month high of $25.00.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of Sodexo to a "strong-buy" rating in a research note on Monday, September 16th.

About Sodexo

Sodexo SA provides food services and facilities management services worldwide. It offers various on-site services, which includes corporate services, energy and resources, government and agencies, and other services; healthcare and seniors; and learning solutions to schools and universities. The company also provides food services comprising retail service, food delivery, and meal and food vouchers, as well as digital food ordering services; savings and purchase solutions, data and digital tools, and advisory services and client support; and work-life balance and employee experience solutions.

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