Short Interest in Cap Gemini SA (OTCMKTS:CGEMY) Declines By 74.3%

Cap Gemini SA (OTCMKTS:CGEMY) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 7,334 shares, a decrease of 74.3% from the May 14th total of 28,524 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 728,909 shares, the short-interest ratio is currently 0.0 days.

Cap Gemini Price Performance

CGEMY stock traded down $0.74 during trading on Thursday, hitting $22.04. The company had a trading volume of 15,729 shares, compared to its average volume of 336,672. The company has a fifty day moving average price of $23.89 and a two-hundred day moving average price of $27.42. Cap Gemini has a fifty-two week low of $21.69 and a fifty-two week high of $35.90. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 1.21.

Wall Street Analysts Forecast Growth

CGEMY has been the topic of a number of recent research reports. Zacks Research downgraded Cap Gemini from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cap Gemini in a report on Tuesday, June 2nd. Finally, Citigroup reissued a “buy” rating on shares of Cap Gemini in a report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Cap Gemini Company Profile

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.