Short Interest in Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) Declines By 65.5%

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 82,350 shares, a decline of 65.5% from the June 15th total of 238,858 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 267,619 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SDXAY. Citigroup restated a “neutral” rating on shares of Sodexo in a report on Tuesday. Morgan Stanley reissued an “underweight” rating on shares of Sodexo in a research report on Tuesday, July 7th. Jefferies Financial Group raised shares of Sodexo from a “hold” rating to a “buy” rating in a research note on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Sodexo in a report on Friday, July 3rd. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Sodexo Price Performance

SDXAY opened at $11.75 on Wednesday. The business has a fifty day moving average price of $11.33 and a 200 day moving average price of $10.68. Sodexo has a 12 month low of $9.08 and a 12 month high of $13.22.

Sodexo Company Profile

Sodexo is a global provider of integrated facilities management and food services, offering a wide range of solutions designed to enhance quality of life for clients across corporate, education, healthcare, remote site and sports & leisure markets. The company’s core activities include workplace dining and catering, reception and concierge services, cleaning and technical maintenance, security, grounds maintenance, and energy management. Sodexo partners with organizations to streamline operations, improve employee engagement and well-being, and ensure safe, sustainable environments.

Founded in 1966 by Pierre Bellon in Marseille, France, Sodexo has grown through both organic expansion and strategic acquisitions.