Short Interest in Geberit AG (OTCMKTS:GBERY) Decreases By 69.2%

Geberit AG (OTCMKTS:GBERY) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 2,519 shares, a drop of 69.2% from the July 15th total of 8,180 shares. Based on an average trading volume of 34,141 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Geberit Stock Up 0.1%

Shares of GBERY stock traded up $0.06 during trading hours on Friday, reaching $66.72. The stock had a trading volume of 6,051 shares, compared to its average volume of 14,731. Geberit has a twelve month low of $61.41 and a twelve month high of $84.91. The firm has a 50-day simple moving average of $65.42 and a 200-day simple moving average of $69.44.

Wall Street Analyst Weigh In

Several research firms have recently commented on GBERY. Morgan Stanley reaffirmed an “underweight” rating on shares of Geberit in a report on Thursday, July 2nd. Zacks Research raised Geberit to a “hold” rating in a report on Wednesday, May 13th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

About Geberit

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.