Short Interest in Geberit AG (OTCMKTS:GBERY) Increases By 642.9%

Geberit AG (OTCMKTS:GBERY) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 10,400 shares, a growth of 642.9% from the February 28th total of 1,400 shares. Based on an average daily trading volume, of 10,900 shares, the short-interest ratio is presently 1.0 days.

Wall Street Analysts Forecast Growth

GBERY has been the topic of several research analyst reports. Barclays restated an “underweight” rating on shares of Geberit in a research note on Friday, March 7th. Morgan Stanley restated an “underweight” rating on shares of Geberit in a report on Friday, March 7th.

Geberit Stock Up 1.5 %

GBERY stock traded up $0.97 during trading on Thursday, reaching $64.47. The stock had a trading volume of 3,184 shares, compared to its average volume of 9,880. The stock’s 50 day moving average is $59.59 and its two-hundred day moving average is $60.01. Geberit has a 52 week low of $52.36 and a 52 week high of $67.22.

About Geberit

Geberit AG develops, produces, and distributes sanitary products and systems for the residential and commercial construction industry in Switzerland and internationally. The company offers installation and flushing systems, such as installation technology and flushing systems for toilets, including cisterns and fittings; and piping systems consisting of building drainage and supply systems, as well as piping technology for use in buildings for drinking water, heating, gas, and other media.