Geberit AG (OTCMKTS:GBERY) Short Interest Up 279.0% in August

Geberit AG (OTCMKTS:GBERYGet Free Report) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 28,242 shares, a growth of 279.0% from the August 15th total of 7,451 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 18,273 shares, the short-interest ratio is currently 1.5 days.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on GBERY shares. Citigroup reissued a “neutral” rating on shares of Geberit in a research note on Monday, August 24th. Morgan Stanley reiterated an “underweight” rating on shares of Geberit in a research note on Thursday, July 2nd. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Check Out Our Latest Stock Analysis on GBERY

Geberit Stock Performance

Shares of GBERY opened at $66.90 on Monday. The company’s fifty day moving average is $67.30 and its two-hundred day moving average is $67.84. Geberit has a fifty-two week low of $61.41 and a fifty-two week high of $84.91.

About Geberit

(Get Free Report)

Geberit AG is a Switzerland-based manufacturer of sanitary products and systems. The company develops solutions for water supply, drainage, and bathroom environments, serving residential, commercial, and public construction projects.

Its product portfolio includes sanitary installation systems, concealed cisterns and controls, piping systems, faucets, shower and bathroom solutions, and bathroom ceramics and furniture. Geberit sells products under its own brand and supplies plumbing professionals, distributors, architects, and construction companies.

Founded in 1874, Geberit has grown from a Swiss plumbing-products business into an international group focused primarily on the European market, with operations and customers across numerous countries.

Further Reading

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