Vicat S.A. (OTCMKTS:SDCVF) Sees Significant Drop in Short Interest

Vicat S.A. (OTCMKTS:SDCVF) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 35 shares, a decline of 89.4% from the June 15th total of 331 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Vicat Stock Performance

Shares of OTCMKTS:SDCVF remained flat at $83.00 during midday trading on Friday. Vicat has a twelve month low of $70.00 and a twelve month high of $88.71. The business’s 50 day simple moving average is $83.00 and its 200 day simple moving average is $84.60.

Analysts Set New Price Targets

Separately, Citigroup restated a “neutral” rating on shares of Vicat in a report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Vicat currently has a consensus rating of “Moderate Buy”.

About Vicat

Vicat is a France-based building materials group specializing in the manufacture and distribution of cement, ready-mix concrete, aggregates and specialized construction products. The company’s operations span the full value chain of hydraulic binders, from quarrying and raw-material processing to large-scale production facilities and on-site deliveries. In addition to standard cement and concrete offerings, Vicat provides tailored solutions for infrastructure, housing, industrial projects and environmental works, including mortars, gypsum-based products and admixtures.

Founded in 1853 by Joseph Vicat—son of renowned engineer Louis Vicat—the company pioneered early developments in hydraulic binders and has remained under family influence for much of its history.