Geberit AG (OTCMKTS:GBERY – Get Free Report) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 7,451 shares, a growth of 195.8% from the July 30th total of 2,519 shares. Based on an average daily volume of 15,848 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are sold short.
Geberit Trading Down 1.0%
Shares of OTCMKTS GBERY traded down $0.76 during midday trading on Thursday, reaching $71.94. The company had a trading volume of 2,351 shares, compared to its average volume of 14,450. Geberit has a one year low of $61.41 and a one year high of $84.91. The firm’s fifty day moving average price is $66.50 and its 200-day moving average price is $68.96.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on GBERY shares. Zacks Research upgraded Geberit to a “hold” rating in a research report on Wednesday, May 13th. Morgan Stanley restated an “underweight” rating on shares of Geberit in a report on Thursday, July 2nd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Geberit in a research note on Monday. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.
Geberit Company Profile
Geberit AG is a Swiss-based manufacturer specializing in sanitary products and systems for residential, commercial and industrial applications. Headquartered in Rapperswil-Jona, Switzerland, the company develops and supplies installation systems, bathroom ceramics, faucets and piping solutions. Its product range encompasses concealed cisterns, flush plates, wall-hung toilets, washbasins, shower trays and underfloor heating systems, complemented by digital bathroom controls and smart water management technologies.
Founded in 1874, Geberit evolved from a regional metalworking business into a global market leader in sanitary technology.
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