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

Geberit AG (OTCMKTS:GBERY) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 1,400 shares, a drop of 51.7% from the February 13th total of 2,900 shares. Based on an average trading volume of 14,300 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

GBERY has been the topic of several analyst reports. Barclays reiterated an “underweight” rating on shares of Geberit in a research report on Friday, March 7th. Morgan Stanley restated an “underweight” rating on shares of Geberit in a research report on Friday, March 7th.

Geberit Stock Performance

Geberit stock traded up $0.34 during mid-day trading on Friday, reaching $66.45. The company had a trading volume of 3,429 shares, compared to its average volume of 10,798. Geberit has a fifty-two week low of $52.36 and a fifty-two week high of $67.22. The business has a fifty day simple moving average of $58.06 and a 200 day simple moving average of $59.92.

About Geberit

Geberit AG develops, produces, and distributes sanitary products and systems for the residential and commercial construction industry in Switzerland and internationally. The company offers installation and flushing systems, such as installation technology and flushing systems for toilets, including cisterns and fittings; and piping systems consisting of building drainage and supply systems, as well as piping technology for use in buildings for drinking water, heating, gas, and other media.