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

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 427,900 shares, a decrease of 41.3% from the January 31st total of 729,100 shares. Based on an average daily volume of 3,700 shares, the short-interest ratio is currently 115.6 days.

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

MGDDF traded up $1.52 during midday trading on Tuesday, reaching $37.30. The company had a trading volume of 900 shares, compared to its average volume of 2,785. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 1 year low of $30.65 and a 1 year high of $43.18. The business has a 50-day moving average of $34.09 and a two-hundred day moving average of $35.35.

Institutional Investors Weigh In On Compagnie Générale des Établissements Michelin Société en commandite par actions

An institutional investor recently bought a new position in Compagnie Générale des Établissements Michelin Société en commandite par actions stock. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,068 shares of the company’s stock, valued at approximately $956,000. Institutional investors and hedge funds own 33.43% of the company’s stock.

About Compagnie Générale des Établissements Michelin Société en commandite par actions

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.