Short Interest in Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) Declines By 41.3%

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 427,900 shares, a decline of 41.3% from the January 31st total of 729,100 shares. Based on an average trading volume of 3,700 shares, the days-to-cover ratio is currently 115.6 days.

Institutional Investors Weigh In On Compagnie Générale des Établissements Michelin Société en commandite par actions

A hedge fund recently bought a new stake in Compagnie Générale des Établissements Michelin Société en commandite par actions stock. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 29,068 shares of the company’s stock, valued at approximately $956,000. Hedge funds and other institutional investors own 33.43% of the company’s stock.

Compagnie Générale des Établissements Michelin Société en commandite par actions Stock Up 2.1 %

OTCMKTS MGDDF traded up $0.73 during trading hours on Friday, hitting $35.78. The company had a trading volume of 3,220 shares, compared to its average volume of 2,858. The firm’s 50 day moving average is $33.98 and its 200 day moving average is $35.38. Compagnie Générale des Établissements Michelin Société en commandite par actions has a fifty-two week low of $30.65 and a fifty-two week high of $43.18.

About Compagnie Générale des Établissements Michelin Société en commandite par actions

Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services. The company operates through the following segments: Passenger car and Light truck tires and related distribution, Truck tires and related distribution, and Specialty businesses.