Geberit AG (OTCMKTS:GBERY) Sees Large Drop in Short Interest

Geberit AG (OTCMKTS:GBERY) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 613 shares, a decrease of 83.9% from the April 15th total of 3,809 shares. Based on an average daily volume of 24,253 shares, the days-to-cover ratio is presently 0.0 days.

Geberit Trading Down 1.9%

OTCMKTS:GBERY traded down $1.21 during trading hours on Wednesday, reaching $64.31. 6,064 shares of the stock were exchanged, compared to its average volume of 12,880. Geberit has a twelve month low of $64.26 and a twelve month high of $84.91. The firm has a 50 day moving average of $69.43 and a 200 day moving average of $75.22.

Analyst Ratings Changes

Separately, Morgan Stanley reaffirmed an “underweight” rating on shares of Geberit in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.