Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Sees Significant Drop in Short Interest

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDYGet Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 40,900 shares, a decrease of 18.2% from the April 30th total of 50,000 shares. Based on an average daily volume of 188,500 shares, the short-interest ratio is currently 0.2 days.

Compagnie Générale des Établissements Michelin Société en commandite par actions Price Performance

OTCMKTS:MGDDY traded up $0.18 during trading hours on Friday, hitting $20.19. 122,167 shares of the stock were exchanged, compared to its average volume of 137,886. The firm’s fifty day moving average price is $19.35 and its 200 day moving average price is $18.09. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 52-week low of $14.03 and a 52-week high of $20.30.

Compagnie Générale des Établissements Michelin Société en commandite par actions Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 21st will be paid a $0.727 dividend. The ex-dividend date is Monday, May 20th.

About Compagnie Générale des Établissements Michelin Société en commandite par actions

(Get Free Report)

Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services. The company operates through the following segments: Passenger car and Light truck tires and related distribution, Truck tires and related distribution, and Specialty businesses.

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