Cap Gemini SA (OTCMKTS:CGEMY) Sees Significant Growth in Short Interest

Cap Gemini SA (OTCMKTS:CGEMY) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 29,519 shares, a growth of 302.5% from the May 31st total of 7,334 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 688,660 shares, the short-interest ratio is currently 0.0 days.

Cap Gemini Stock Up 2.0%

Shares of CGEMY stock opened at $20.40 on Friday. The stock’s 50 day simple moving average is $23.21 and its 200 day simple moving average is $26.57. Cap Gemini has a twelve month low of $19.77 and a twelve month high of $35.90. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 1.21.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CGEMY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cap Gemini in a research note on Tuesday, June 2nd. Zacks Research downgraded Cap Gemini from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 17th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Cap Gemini Company Profile

Cap Gemini (OTCMKTS: CGEMY), commonly known as Capgemini, is a global professional services and consulting firm that provides technology-led business transformation services. The company’s core activities include management and IT consulting, systems integration, application development and maintenance, cloud migration and managed services. Capgemini delivers solutions across the digital value chain, combining strategy, design, engineering and operations to help clients modernize legacy systems, implement cloud platforms, deploy data and AI capabilities, and secure IT environments.

Founded in 1967 by Serge Kampf and headquartered in Paris, Capgemini has grown through organic expansion and strategic acquisitions to broaden its capabilities and geographic footprint.