Geberit AG (OTCMKTS:GBERY) Sees Large Decrease in Short Interest

Geberit AG (OTCMKTS:GBERY) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 2,617 shares, a decline of 43.1% from the February 12th total of 4,597 shares. Based on an average daily trading volume, of 11,063 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 11,063 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

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

Geberit Stock Down 1.3%

Shares of GBERY traded down $0.96 during midday trading on Thursday, reaching $71.59. 17,757 shares of the stock were exchanged, compared to its average volume of 7,885. Geberit has a 12-month low of $58.94 and a 12-month high of $84.91. The firm has a 50 day simple moving average of $79.12 and a 200-day simple moving average of $77.11.

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.