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 - Get Free Report) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 49,600 shares, a decline of 92.6% from the January 15th total of 674,000 shares. Based on an average daily volume of 1,498,600 shares, the short-interest ratio is currently 0.0 days.

Compagnie Générale des Établissements Michelin Société en commandite par actions Stock Up 0.2 %

Compagnie Générale des Établissements Michelin Société en commandite par actions stock traded up $0.04 during midday trading on Friday, reaching $17.73. 438,902 shares of the stock traded hands, compared to its average volume of 1,354,541. The stock's fifty day moving average is $16.82 and its 200-day moving average is $17.83. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 12 month low of $15.70 and a 12 month 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.

Analyst Upgrades and Downgrades

Separately, HSBC downgraded Compagnie Générale des Établissements Michelin Société en commandite par actions from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th.

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.