Short Interest in Geberit AG (OTCMKTS:GBERY) Decreases By 69.2%

Geberit AG (OTCMKTS:GBERY) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 2,519 shares, a drop of 69.2% from the July 15th total of 8,180 shares. Based on an average trading volume of 34,141 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Several brokerages have weighed in on GBERY. Morgan Stanley reaffirmed an “underweight” rating on shares of Geberit in a research note on Thursday, July 2nd. Zacks Research raised Geberit to a “hold” rating in a research note on Wednesday, May 13th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

Geberit Stock Up 0.1%

Geberit stock traded up $0.06 during trading hours on Friday, hitting $66.72. 6,051 shares of the company traded hands, compared to its average volume of 14,731. The firm’s 50-day simple moving average is $65.42 and its two-hundred day simple moving average is $69.44. Geberit has a 1-year low of $61.41 and a 1-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.