Short Interest in Geberit AG (OTCMKTS:GBERY) Expands By 400.2%

Geberit AG (OTCMKTS:GBERY) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 4,597 shares, a growth of 400.2% from the January 29th total of 919 shares. Based on an average daily trading volume, of 11,332 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 11,332 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised Geberit to a “hold” rating in a report on Monday, December 8th. Citigroup reaffirmed a “neutral” rating on shares of Geberit in a report on Friday, November 14th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Geberit in a research report on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

Geberit Price Performance

GBERY stock traded up $0.95 during midday trading on Friday, hitting $84.00. The stock had a trading volume of 7,178 shares, compared to its average volume of 6,248. Geberit has a 52-week low of $58.24 and a 52-week high of $84.91. The business has a 50-day moving average of $79.40 and a two-hundred day moving average of $77.17.

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.