Cap Gemini SA (OTCMKTS:CGEMY) Sees Significant Decrease in Short Interest

Cap Gemini SA (OTCMKTS:CGEMY) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 69,494 shares, a decrease of 42.6% from the September 15th total of 120,977 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 248,841 shares, the short-interest ratio is currently 0.3 days.

Cap Gemini Stock Up 3.3%

Shares of Cap Gemini stock traded up $0.88 during midday trading on Thursday, reaching $27.15. 53,834 shares of the company’s stock traded hands, compared to its average volume of 301,135. Cap Gemini has a 52 week low of $19.42 and a 52 week high of $35.90. The company’s 50 day simple moving average is $24.77 and its 200 day simple moving average is $23.48.

Analyst Ratings Changes

Several analysts recently commented on CGEMY shares. Jefferies Financial Group restated a “hold” rating on shares of Cap Gemini in a report on Thursday, August 20th. Citigroup reiterated a “buy” rating on shares of Cap Gemini in a research note on Friday, October 2nd. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Cap Gemini Company Profile

Capgemini SE is a global provider of consulting, technology, digital transformation and engineering services. The company helps organizations design and implement technology strategies, modernize legacy systems and improve business operations through software, cloud computing, data and artificial intelligence.

Its offerings include management and technology consulting, applications and systems integration, cloud services, cybersecurity, data and analytics, artificial intelligence, engineering and research and development services.