Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY) Sees Significant Increase in Short Interest

Colruyt SA Unsponsored ADR (OTCMKTS:CUYTY) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 755 shares, an increase of 331.4% from the September 30th total of 175 shares. Based on an average daily volume of 420 shares, the short-interest ratio is presently 1.8 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

Several brokerages have recently commented on CUYTY. UBS Group lowered Colruyt from a “buy” rating to a “sell” rating in a research note on Monday, October 5th. Royal Bank Of Canada began coverage on Colruyt in a research report on Monday, July 6th. They issued a “hold” rating on the stock. Finally, Zacks Research lowered Colruyt from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Colruyt has an average rating of “Reduce”.

Colruyt Stock Performance

OTCMKTS CUYTY opened at $10.37 on Wednesday. The firm’s fifty day moving average is $10.79 and its two-hundred day moving average is $10.07. Colruyt has a one year low of $9.32 and a one year high of $11.52.

About Colruyt

Colruyt Group NV is a Belgian retail and wholesale company best known for its Colruyt Lowest Prices supermarket chain. The group sells food, household products and other everyday consumer goods through a network of supermarkets and specialty stores, as well as through online channels. Its retail portfolio has also included the OKay and Bio-Planet supermarket formats and businesses focused on toys and baby products.

In addition to food retail, Colruyt Group operates wholesale and food-service activities, supplying independent retailers, professional customers and hospitality businesses.