Short Interest in Geberit AG (OTCMKTS:GBERY) Increases By 79.5%

Geberit AG (OTCMKTS:GBERY) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 5,353 shares, an increase of 79.5% from the May 14th total of 2,983 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 43,237 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Geberit to a “hold” rating in a research report on Wednesday, May 13th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Geberit Stock Up 1.8%

GBERY traded up $1.15 during midday trading on Monday, reaching $65.29. 5,028 shares of the company’s stock were exchanged, compared to its average volume of 14,900. The business has a 50-day simple moving average of $66.28 and a two-hundred day simple moving average of $73.17. The firm has a market capitalization of $22.15 billion and a price-to-earnings ratio of 52.67. Geberit has a one year low of $61.41 and a one year high of $84.91.

Geberit Company Profile

Geberit AG is a Swiss-based manufacturer specializing in sanitary products and systems for residential, commercial and industrial applications. Headquartered in Rapperswil-Jona, Switzerland, the company develops and supplies installation systems, bathroom ceramics, faucets and piping solutions. Its product range encompasses concealed cisterns, flush plates, wall-hung toilets, washbasins, shower trays and underfloor heating systems, complemented by digital bathroom controls and smart water management technologies.

Founded in 1874, Geberit evolved from a regional metalworking business into a global market leader in sanitary technology.