Geberit AG (OTCMKTS:GBERY) Short Interest Update

Geberit AG (OTCMKTS:GBERY) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 2,983 shares, a growth of 386.6% from the April 30th total of 613 shares. Based on an average daily volume of 25,688 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Geberit to a “hold” rating in a research note on Wednesday, May 13th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Geberit Trading Up 1.9%

GBERY stock traded up $1.20 during trading on Friday, reaching $65.54. 15,284 shares of the stock were exchanged, compared to its average volume of 13,812. The business has a 50 day moving average price of $67.06 and a 200-day moving average price of $74.27. Geberit has a 1 year low of $62.49 and a 1 year high of $84.91. The firm has a market capitalization of $22.23 billion and a price-to-earnings ratio of 52.67.

About Geberit

Geberit AG is a Swiss-based manufacturer specializing in sanitary products and systems for residential, commercial and industrial applications. Headquartered in Rapperswil-Jona, Switzerland, the company develops and supplies installation systems, bathroom ceramics, faucets and piping solutions. Its product range encompasses concealed cisterns, flush plates, wall-hung toilets, washbasins, shower trays and underfloor heating systems, complemented by digital bathroom controls and smart water management technologies.

Founded in 1874, Geberit evolved from a regional metalworking business into a global market leader in sanitary technology.