Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) Sees Large Decrease in Short Interest

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 82,350 shares, a drop of 65.5% from the June 15th total of 238,858 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 267,619 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Citigroup reiterated a “neutral” rating on shares of Sodexo in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Sodexo in a research report on Friday, July 3rd. Morgan Stanley reaffirmed an “underweight” rating on shares of Sodexo in a report on Tuesday, July 7th. Finally, Jefferies Financial Group upgraded shares of Sodexo from a “hold” rating to a “buy” rating in a research report on Monday, March 30th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Sodexo has a consensus rating of “Hold”.

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Sodexo Stock Performance

Shares of SDXAY stock opened at $12.01 on Monday. Sodexo has a 52-week low of $9.08 and a 52-week high of $13.22. The stock’s 50-day moving average price is $11.27 and its 200 day moving average price is $10.66.

Sodexo Company Profile

(Get Free Report)

Sodexo is a global provider of integrated facilities management and food services, offering a wide range of solutions designed to enhance quality of life for clients across corporate, education, healthcare, remote site and sports & leisure markets. The company’s core activities include workplace dining and catering, reception and concierge services, cleaning and technical maintenance, security, grounds maintenance, and energy management. Sodexo partners with organizations to streamline operations, improve employee engagement and well-being, and ensure safe, sustainable environments.

Founded in 1966 by Pierre Bellon in Marseille, France, Sodexo has grown through both organic expansion and strategic acquisitions.

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