Michelin (OTCMKTS:MGDDY) Short Interest Up 218.1% in May

Michelin (OTCMKTS:MGDDY) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 171,425 shares, an increase of 218.1% from the April 30th total of 53,897 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 212,138 shares, the short-interest ratio is presently 0.8 days.

Michelin Stock Performance

Shares of Michelin stock opened at $18.25 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.22 and a current ratio of 1.90. Michelin has a 52-week low of $14.82 and a 52-week high of $20.48. The company’s 50 day moving average price is $17.91 and its 200-day moving average price is $17.71.

Wall Street Analyst Weigh In

A number of research firms recently commented on MGDDY. Zacks Research cut Michelin from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Barclays raised Michelin from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

About Michelin

Michelin (OTCMKTS: MGDDY) is a French multinational tire manufacturer founded in 1889 and headquartered in Clermont-Ferrand, France. Over more than a century the company has grown into one of the world’s leading tiremakers, serving passenger car, truck, motorcycle, bicycle, agricultural, construction and aviation markets. Michelin has a global footprint with manufacturing facilities, research centers and commercial operations across multiple regions to supply OEMs, replacement markets and large commercial fleets.

The company’s core business is the design, manufacture and sale of tires and related products.