Cap Gemini SA (OTCMKTS:CGEMY) Short Interest Down 50.7% in May

Cap Gemini SA (OTCMKTS:CGEMY) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 28,524 shares, a decline of 50.7% from the April 30th total of 57,820 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 574,249 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of Cap Gemini in a research report on Tuesday, February 17th. Zacks Research cut shares of Cap Gemini from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 17th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cap Gemini currently has an average rating of “Hold”.

Cap Gemini Stock Performance

CGEMY stock opened at $23.41 on Monday. The business has a 50-day simple moving average of $23.74 and a 200 day simple moving average of $27.81. Cap Gemini has a 52 week low of $21.94 and a 52 week high of $35.90. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.64.

About Cap Gemini

Cap Gemini (OTCMKTS: CGEMY), commonly known as Capgemini, is a global professional services and consulting firm that provides technology-led business transformation services. The company’s core activities include management and IT consulting, systems integration, application development and maintenance, cloud migration and managed services. Capgemini delivers solutions across the digital value chain, combining strategy, design, engineering and operations to help clients modernize legacy systems, implement cloud platforms, deploy data and AI capabilities, and secure IT environments.

Founded in 1967 by Serge Kampf and headquartered in Paris, Capgemini has grown through organic expansion and strategic acquisitions to broaden its capabilities and geographic footprint.