Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) Sees Significant Drop in Short Interest

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAYGet Free Report) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 22,985 shares, a decrease of 87.2% from the April 15th total of 179,175 shares. Based on an average daily trading volume, of 182,202 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of Sodexo from a “hold” rating to a “buy” rating in a report on Monday, March 30th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Sodexo has an average rating of “Hold”.

Check Out Our Latest Research Report on SDXAY

Sodexo Stock Performance

Shares of OTCMKTS SDXAY traded up $0.25 during midday trading on Thursday, reaching $11.05. 84,051 shares of the stock were exchanged, compared to its average volume of 259,918. The business has a 50-day simple moving average of $10.15 and a two-hundred day simple moving average of $10.47. Sodexo has a 12 month low of $9.08 and a 12 month high of $13.95. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 1.18.

About Sodexo

(Get Free Report)

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.

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