Publicis Groupe SA (OTCMKTS:PUBGY) Short Interest Down 38.8% in May

Publicis Groupe SA (OTCMKTS:PUBGY) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 1,054,943 shares, a decline of 38.8% from the May 14th total of 1,722,453 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 410,533 shares, the days-to-cover ratio is currently 2.6 days.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PUBGY shares. The Goldman Sachs Group raised shares of Publicis Groupe to a “strong-buy” rating in a research report on Wednesday, June 3rd. Berenberg Bank upgraded shares of Publicis Groupe to a “strong-buy” rating in a report on Tuesday, June 9th. Four equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Publicis Groupe Price Performance

OTCMKTS:PUBGY opened at $26.18 on Monday. Publicis Groupe has a one year low of $19.72 and a one year high of $28.54. The firm’s fifty day moving average price is $23.55 and its two-hundred day moving average price is $23.63. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30.

About Publicis Groupe

Publicis Groupe (OTCMKTS:PUBGY) is a global advertising and communications holding company headquartered in Paris, France. Founded in 1926 by Marcel Bleustein-Blanchet, the company has grown into one of the world’s largest marketing, communication and digital transformation groups. Publicis provides a wide range of marketing services including creative advertising, media planning and buying, public relations, brand strategy, healthcare communications and experiential marketing.

In recent decades Publicis has expanded its capabilities into digital, data and technology-driven services through its network brands and acquisitions.