Cap Gemini SA (OTCMKTS:CGEMY) Short Interest Down 74.3% in May

Cap Gemini SA (OTCMKTS:CGEMY) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 7,334 shares, a drop of 74.3% from the May 14th total of 28,524 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 728,909 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of research firms recently commented on CGEMY. Citigroup reiterated a “buy” rating on shares of Cap Gemini in a research note on Tuesday, February 17th. Zacks Research downgraded Cap Gemini from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cap Gemini in a research note on Tuesday, June 2nd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Cap Gemini Stock Performance

Shares of OTCMKTS CGEMY traded down $0.12 during midday trading on Friday, hitting $22.25. 264,838 shares of the company’s stock were exchanged, compared to its average volume of 354,358. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.21 and a current ratio of 1.21. The stock’s 50 day moving average price is $23.84 and its 200-day moving average price is $27.33. Cap Gemini has a twelve month low of $21.54 and a twelve month high of $35.90.

About Cap Gemini

Cap Gemini (OTCMKTS: CGEMY), commonly known as Capgemini, is a global professional services and consulting firm that provides technology-led business transformation services. The company’s core activities include management and IT consulting, systems integration, application development and maintenance, cloud migration and managed services. Capgemini delivers solutions across the digital value chain, combining strategy, design, engineering and operations to help clients modernize legacy systems, implement cloud platforms, deploy data and AI capabilities, and secure IT environments.

Founded in 1967 by Serge Kampf and headquartered in Paris, Capgemini has grown through organic expansion and strategic acquisitions to broaden its capabilities and geographic footprint.