Cap Gemini SA (OTCMKTS:CGEMY) Sees Large Growth in Short Interest

Cap Gemini SA (OTCMKTS:CGEMY) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 140,273 shares, an increase of 101.8% from the September 30th total of 69,494 shares. Based on an average daily volume of 215,859 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are sold short.

Cap Gemini Stock Up 3.2%

Shares of CGEMY stock opened at $28.43 on Friday. The stock’s fifty day simple moving average is $25.42 and its 200 day simple moving average is $24.59. Cap Gemini has a one year low of $19.42 and a one year high of $35.90.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Jefferies Financial Group reaffirmed a “hold” rating on shares of Cap Gemini in a report on Thursday, August 20th. Citigroup restated a “buy” rating on shares of Cap Gemini in a report on Friday, October 2nd. Two 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 stock. According to data from MarketBeat.com, Cap Gemini has a consensus rating of “Hold”.

Cap Gemini Company Profile

Capgemini SE is a global technology services and consulting company that helps organizations design, implement and manage digital business solutions. Its services include strategy and business consulting, technology consulting, systems integration, application development, cloud transformation, data and artificial intelligence, cybersecurity, engineering, and managed services.

The company serves clients across industries including financial services, manufacturing, automotive, telecommunications, media, retail, consumer products, energy, utilities, healthcare and the public sector.