Publicis Groupe SA (OTCMKTS:PUBGY) Sees Significant Increase in Short Interest

Publicis Groupe SA (OTCMKTS:PUBGY) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 1,722,453 shares, a growth of 267.5% from the April 30th total of 468,645 shares. Based on an average trading volume of 607,131 shares, the short-interest ratio is presently 2.8 days. Approximately 0.2% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Barclays cut Publicis Groupe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Publicis Groupe Stock Performance

OTCMKTS:PUBGY traded up $0.45 during trading hours on Friday, hitting $24.63. 45,013 shares of the stock were exchanged, compared to its average volume of 314,626. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $22.45 and its two-hundred day moving average is $23.58. Publicis Groupe has a twelve month low of $19.72 and a twelve month high of $28.73.

About Publicis Groupe

Publicis Groupe (OTCMKTS:PUBGY) is a global advertising and communications holding company headquartered in Paris, France. Founded in 1926 by Marcel Bleustein-Blanchet, the company has grown into one of the world’s largest marketing, communication and digital transformation groups. Publicis provides a wide range of marketing services including creative advertising, media planning and buying, public relations, brand strategy, healthcare communications and experiential marketing.

In recent decades Publicis has expanded its capabilities into digital, data and technology-driven services through its network brands and acquisitions.