Geberit AG (OTCMKTS:GBERY – Get Free Report) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 7,451 shares, an increase of 195.8% from the July 30th total of 2,519 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 15,848 shares, the days-to-cover ratio is currently 0.5 days.
Geberit Stock Performance
GBERY traded down $0.17 during trading on Friday, hitting $71.49. 11,446 shares of the company’s stock were exchanged, compared to its average volume of 9,759. The business’s 50 day moving average is $66.75 and its two-hundred day moving average is $68.91. Geberit has a fifty-two week low of $61.41 and a fifty-two week high of $84.91.
Wall Street Analyst Weigh In
GBERY has been the topic of a number of research analyst reports. Zacks Research upgraded Geberit to a “hold” rating in a report on Wednesday, May 13th. Citigroup reiterated a “neutral” rating on shares of Geberit in a research note on Monday. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Geberit in a research report on Thursday, July 2nd. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.
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.
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