Geberit AG (OTCMKTS:GBERY) Sees Large Growth in Short Interest

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

Geberit Trading Down 0.5%

Geberit stock traded down $0.33 during mid-day trading on Friday, hitting $66.90. 20,865 shares of the company’s stock traded hands, compared to its average volume of 14,621. The firm has a 50 day simple moving average of $67.30 and a two-hundred day simple moving average of $67.95. Geberit has a fifty-two week low of $61.41 and a fifty-two week high of $84.91.

Wall Street Analyst Weigh In

GBERY has been the subject of a number of research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Geberit in a research note on Monday, August 24th. Morgan Stanley reaffirmed an “underweight” rating on shares of Geberit in a research report on Thursday, July 2nd. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

About Geberit

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.