Michelin (OTCMKTS:MGDDY – Get Free Report) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 96,684 shares, a decrease of 43.6% from the May 14th total of 171,425 shares. Based on an average daily trading volume, of 262,555 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are short sold.
Michelin Price Performance
OTCMKTS:MGDDY traded up $0.28 during midday trading on Monday, hitting $19.39. 133,211 shares of the company traded hands, compared to its average volume of 110,848. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.22 and a current ratio of 1.90. The firm’s fifty day moving average is $18.31 and its 200-day moving average is $17.91. Michelin has a 12-month low of $14.82 and a 12-month high of $20.48.
Analyst Ratings Changes
MGDDY has been the topic of several recent research reports. Zacks Research lowered Michelin from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Barclays upgraded Michelin from an “underweight” rating to an “equal weight” rating in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.
About Michelin
Michelin (OTCMKTS: MGDDY) is a French multinational tire manufacturer founded in 1889 and headquartered in Clermont-Ferrand, France. Over more than a century the company has grown into one of the world’s leading tiremakers, serving passenger car, truck, motorcycle, bicycle, agricultural, construction and aviation markets. Michelin has a global footprint with manufacturing facilities, research centers and commercial operations across multiple regions to supply OEMs, replacement markets and large commercial fleets.
The company’s core business is the design, manufacture and sale of tires and related products.
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