Short Interest in Publicis Groupe SA (OTCMKTS:PUBGY) Declines By 97.5%

Publicis Groupe SA (OTCMKTS:PUBGY) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totaling 31,429 shares, a drop of 97.5% from the March 31st total of 1,279,626 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 789,739 shares, the days-to-cover ratio is presently 0.0 days.

Publicis Groupe Stock Up 1.2%

Publicis Groupe stock traded up $0.26 during midday trading on Friday, reaching $22.77. 109,493 shares of the company were exchanged, compared to its average volume of 281,471. The firm’s 50-day simple moving average is $21.59 and its 200-day simple moving average is $23.79. Publicis Groupe has a 1 year low of $19.72 and a 1 year high of $28.73. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30.

Analysts Set New Price Targets

A number of analysts recently commented on PUBGY shares. Citigroup upgraded Publicis Groupe to a “strong-buy” rating in a research report on Monday, January 12th. Barclays cut Publicis Groupe from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Publicis Groupe presently has a consensus rating of “Buy”.

Publicis Groupe Company Profile

Publicis Groupe (OTCMKTS:PUBGY) is a global advertising and communications holding company headquartered in Paris, France. Founded in 1926 by Marcel Bleustein-Blanchet, the company has grown into one of the world’s largest marketing, communication and digital transformation groups. Publicis provides a wide range of marketing services including creative advertising, media planning and buying, public relations, brand strategy, healthcare communications and experiential marketing.

In recent decades Publicis has expanded its capabilities into digital, data and technology-driven services through its network brands and acquisitions.