Cap Gemini SA (OTCMKTS:CGEMY) Short Interest Down 50.7% in May

Cap Gemini SA (OTCMKTS:CGEMY) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 28,524 shares, a decline of 50.7% from the April 30th total of 57,820 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 574,249 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CGEMY shares. Zacks Research cut Cap Gemini from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 17th. Citigroup reiterated a “buy” rating on shares of Cap Gemini in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Cap Gemini Stock Performance

Cap Gemini stock opened at $23.41 on Monday. Cap Gemini has a 12-month low of $21.94 and a 12-month high of $35.90. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.64. The business’s 50-day moving average price is $23.74 and its two-hundred day moving average price is $27.81.

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.