Geberit AG (OTCMKTS:GBERY) Stock Short Interest Falls 80.7%

Geberit AG (OTCMKTS:GBERY) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 4,005 shares, a decrease of 80.7% from the September 30th total of 20,737 shares. Based on an average daily volume of 59,017 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Geberit Price Performance

Shares of OTCMKTS:GBERY traded up $0.85 during midday trading on Thursday, reaching $69.90. The company had a trading volume of 3,495 shares, compared to its average volume of 16,472. Geberit has a 1-year low of $61.41 and a 1-year high of $84.91. The business’s 50 day moving average price is $67.49 and its 200 day moving average price is $69.31.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Morgan Stanley reaffirmed an “underweight” rating on shares of Geberit in a research note on Thursday, July 2nd. Citigroup reissued a “neutral” rating on shares of Geberit in a research note on Monday, August 24th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

About Geberit

Geberit AG is a Switzerland-based manufacturer of sanitary products and systems for residential, commercial and public buildings. The company develops solutions designed to manage water use, drainage and bathroom installations, serving professional customers such as plumbers, architects, developers and distributors.

Its product portfolio includes concealed cisterns and installation systems, drainage and supply piping systems, bathroom ceramics, faucets, shower solutions and other bathroom products.